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BillENACTED

Bill 060006

Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates, under certain terms and conditions.

Introduced Jan 24, 2006Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Blackwell

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “Aye. The ayes are 15; the nays are zero. A majority of all members having voted in the affirmative, the bill passes. The next bill to be considered is Bill No. 060006.”

    Council President Verna · Stated Meeting, May 25, 2006 · May 25, 2006 · official transcript, this passage

  2. “To the President and members of the Council of the City of Philadelphia, the Committee of the Whole, to which was referred Bill No. 060001, entitled "An ordinance to adopt a Capital Program for the six Fiscal Years 2007 through 2012 inclusive"; and Bill No. 060002, entitled "An ordinance to adopt the Fiscal 2007 Capital Budget"; and Bill No. 060003, entitled "An ordinance adopting the Operating Budget for Fiscal Year…”

    The Clerk · Stated Meeting, May 4, 2006 · May 4, 2006 · official transcript, this passage

  3. “And Bill No. 060006, entitled "An ordinance amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates."”

    The Clerk · Stated Meeting, May 4, 2006 · May 4, 2006 · official transcript, this passage

Status timeline

  1. Jan 24, 2006Referred · CITY COUNCIL
  2. Jan 24, 2006Introduced · CITY COUNCIL
  3. Feb 27, 2006HEARING HELD · Committee of the Whole
  4. Feb 27, 2006RECESSED · Committee of the Whole
  5. Mar 1, 2006HEARING HELD · Committee of the Whole
  6. Mar 1, 2006RECESSED · Committee of the Whole
  7. Mar 7, 2006HEARING HELD · Committee of the Whole
  8. Mar 7, 2006RECESSED · Committee of the Whole
  9. Mar 8, 2006HEARING HELD · Committee of the Whole
  10. Mar 8, 2006RECESSED · Committee of the Whole
  11. Mar 14, 2006HEARING HELD · Committee of the Whole
  12. Mar 14, 2006RECESSED · Committee of the Whole
  13. Mar 15, 2006HEARING HELD · Committee of the Whole
  14. Mar 15, 2006RECESSED · Committee of the Whole
  15. Mar 21, 2006HEARING HELD · Committee of the Whole
  16. Mar 21, 2006RECESSED · Committee of the Whole
  17. Mar 22, 2006HEARING HELD · Committee of the Whole
  18. Mar 22, 2006RECESSED · Committee of the Whole
  19. Mar 28, 2006HEARING HELD · Committee of the Whole
  20. Mar 28, 2006RECESSED · Committee of the Whole
  21. Mar 29, 2006HEARING HELD · Committee of the Whole
  22. Mar 29, 2006RECESSED · Committee of the Whole
  23. Apr 4, 2006HEARING HELD · Committee of the Whole
  24. Apr 4, 2006RECESSED · Committee of the Whole
  25. Apr 5, 2006HEARING HELD · Committee of the Whole
  26. Apr 5, 2006RECESSED · Committee of the Whole
  27. Apr 6, 2006HEARING HELD · Committee of the Whole
  28. Apr 6, 2006RECESSED · Committee of the Whole
  29. Apr 19, 2006HEARING HELD · Committee of the Whole
  30. Apr 19, 2006RECESSED · Committee of the Whole
  31. Apr 27, 2006HEARING HELD · Committee of the Whole
  32. Apr 27, 2006RECESSED · Committee of the Whole
  33. May 4, 2006HEARING HELD · Committee of the Whole
  34. May 4, 2006REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee of the Whole
  35. May 4, 2006ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  36. May 4, 2006SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  37. May 4, 2006ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  38. May 25, 2006READ · CITY COUNCIL
  39. May 25, 2006PASSED · CITY COUNCIL
  40. Jun 8, 2006SIGNED · MAYOR

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Section 19-2604 of The Philadelphia Code is amended to read as follows: §19-2604. Tax Rates, Credits, and Alternative Tax Computation. (1) Every business shall pay an annual tax on each dollar of annual receipts at the millage rate shown in the second column of the following chart ("Receipts rate in mills"), and an annual tax on net income at the percentage rate shown in the third column ("Net income rate %"), except that a regulated industry shall only pay an annual tax on each dollar of annual receipts at the millage rate shown in the second column, and in an amount not to exceed the percentage of net income shown in the third column: Tax year(s) Receipts rate in mills Net income rate % * * * * * * * * * 2005 1.90 mills 6.50% 2006 [1.75] 1.665 mills 6.50% 2007 [1.625] 1.54 mills 6.50% 2008 and thereafter [1.50] 1.415 mills 6.50% * * * (3) Alternative Receipts Tax Computation. A manufacturer (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on manufacturing sales at the rate shown in the following chart under the column entitled "Manufacturers," multiplied by receipts from manufacturing sales after deducting the applicable cost of goods sold as determined under the rules provided by the Federal Internal Revenue Code. A wholesaler (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on wholesale sales at the rate shown under the column entitled "Wholesalers," multiplied by receipts from wholesale sales after deducting the applicable cost of goods and the applicable cost of labor. A retailer (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on retail sales at the rate shown under the column entitled "Retailers," multiplied by receipts from retail sales after deducting the applicable cost of goods and the applicable cost of labor: Tax year(s) Manufacturer (%) Wholesalers (%) Retailers (%) * * * * * * * * * * * * 2005 3.14 % 4.42 % 1.05 % 2006 [2.89] 2.75 % [4.07] 3.87 % [0.97] 0.92 % 2007 [2.68] 2.54 % [3.78] 3.58 % [0.90] 0.85 % 2008 and thereafter [2.48] 2.34 % [3.49] 3.29 % [0.83] 0.78 % * * * _____________________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End