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BillENACTED

Bill 080022

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; all under certain terms and conditions.

Introduced Jan 24, 2008Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember GoodeCouncilmember GoodeCouncilmember GoodeCouncilmember GreenCouncilmember GreenCouncilmember GreenCouncilmember Reynolds BrownCouncilmember Reynolds BrownCouncilmember Reynolds BrownCouncilmember JonesCouncilmember JonesCouncilmember Jones

From the floor

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

  1. “Thank you, Madam President. Today, Madam President, Bill 080022, Bill 080154, Bill 080155, Bill 080156, 080158, 080159, 080160, 080161, 080168, 080465, Resolution 080173, Bill 080362, 080377, 080162, 080163, 080164, 080374, 080375, 080404 and 080408 are being called up for second reading and final passage for the 5/22/08 - STATED - 2ND READING Calendar today. All other bills will be held, except Bill 080380 will be a…”

    Councilwoman Tasco · Stated Meeting, May 22, 2008 · May 22, 2008 · official transcript, this passage

  2. “Thank you. I would ask the Chief Clerk to please read the title of Bill No. 080022.”

    Council President Verna · Stated Meeting, May 22, 2008 · May 22, 2008 · official transcript, this passage

  3. “Madam President, it's a pleasure to be here, and to all the members of City Council, this is a most historic moment for us. I'm pleased to be back in Council Chambers and to have the pleasure of signing these set of bills that I think will start to set the City in the direction that all of us have talked about. The protocol is that the Council President signs first. We'll you what the bill is, and then she'll sign, I…”

    Mayor Nutter · Stated Meeting, May 22, 2008 · May 22, 2008 · official transcript, this passage

  4. “To the President and members of the Council of the City of Philadelphia: The Committee of the Whole, to which was referred: Bill No. 080022, an ordinance amending Section 19-2604 of the Philadelphia Code relating to tax rates, credits and alternate tax computation for the business-privilege tax by reducing certain tax rates; And Bill No. 080154, an ordinance to adopt a Capital Program for six fiscal years, 2009 to 20…”

    Chief Clerk · Stated Meeting, May 15, 2008 · May 15, 2008 · official transcript, this passage

  5. “Bill No. 080022, an ordinance amending Section 19-2604 of the Philadelphia Code relating to tax rates, credits and alternate tax computation for the business-privilege tax by reducing certain tax rates.”

    Chief Clerk · Stated Meeting, May 15, 2008 · May 15, 2008 · official transcript, this passage

Status timeline

  1. Jan 24, 2008Referred · CITY COUNCIL
  2. Jan 24, 2008Introduced · CITY COUNCIL
  3. Feb 27, 2008HEARING HELD · Committee of the Whole
  4. Feb 27, 2008RECESSED · Committee of the Whole
  5. Feb 27, 2008AMENDED · Committee of the Whole
  6. Mar 4, 2008HEARING HELD · Committee of the Whole
  7. Mar 4, 2008RECESSED · Committee of the Whole
  8. Mar 11, 2008HEARING HELD · Committee of the Whole
  9. Mar 11, 2008RECESSED · Committee of the Whole
  10. Mar 12, 2008HEARING HELD · Committee of the Whole
  11. Mar 12, 2008RECESSED · Committee of the Whole
  12. Mar 24, 2008HEARING HELD · Committee of the Whole
  13. Mar 24, 2008RECESSED · Committee of the Whole
  14. Mar 25, 2008HEARING HELD · Committee of the Whole
  15. Mar 25, 2008RECESSED · Committee of the Whole
  16. Mar 26, 2008HEARING HELD · Committee of the Whole
  17. Mar 26, 2008RECESSED · Committee of the Whole
  18. Mar 31, 2008HEARING HELD · Committee of the Whole
  19. Mar 31, 2008RECESSED · Committee of the Whole
  20. Apr 1, 2008HEARING HELD · Committee of the Whole
  21. Apr 1, 2008RECESSED · Committee of the Whole
  22. Apr 2, 2008HEARING HELD · Committee of the Whole
  23. Apr 2, 2008RECESSED · Committee of the Whole
  24. Apr 7, 2008HEARING HELD · Committee of the Whole
  25. Apr 7, 2008RECESSED · Committee of the Whole
  26. Apr 8, 2008HEARING HELD · Committee of the Whole
  27. Apr 8, 2008RECESSED · Committee of the Whole
  28. Apr 9, 2008HEARING HELD · Committee of the Whole
  29. Apr 9, 2008RECESSED · Committee of the Whole
  30. Apr 15, 2008HEARING HELD · Committee of the Whole
  31. Apr 15, 2008RECESSED · Committee of the Whole
  32. Apr 16, 2008HEARING HELD · Committee of the Whole
  33. Apr 16, 2008RECESSED · Committee of the Whole
  34. May 1, 2008HEARING HELD · Committee of the Whole
  35. May 1, 2008RECESSED · Committee of the Whole
  36. May 8, 2008HEARING HELD · Committee of the Whole
  37. May 8, 2008RECESSED · Committee of the Whole
  38. May 14, 2008HEARING NOTICES SENT · Committee of the Whole
  39. May 14, 2008AMENDED · Committee of the Whole
  40. May 14, 2008HEARING HELD · Committee of the Whole
  41. May 14, 2008REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee of the Whole
  42. May 15, 2008ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  43. May 15, 2008SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  44. May 15, 2008ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  45. May 22, 2008READ · CITY COUNCIL
  46. May 22, 2008PASSED · CITY COUNCIL
  47. May 22, 2008SIGNED · 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; all 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% * * * * * * * * * 2008 [and thereafter] 1.415 mills [6.50%] 6.45% 2009 1.325 mills 6.40% 2010 1.25 mills 6.35% 2011 1.1 mills 6.30% 2012 1.0 mills 6.25% 2013 0.85 mills 6.20% 2014 0.75 mills 6.15% 2015 0.50 mills 6.10% 2016 0.25 mills 6.05% 2017 and thereafter 0.0 mills 6.00% * * * (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 (%) * * * * * * * * * * * * 2008 [and thereafter] 2.34 % 3.29 % 0.78 % 2009 2.19 % 3.08 % 0.73 % 2010 2.07 % 2.91 % 0.69 % 2011 1.82 % 2.56 % 0.61 % 2012 1.65 % 2.33 % 0.55 % 2013 1.40 % 1.98 % 0.47 % 2014 1.24 % 1.75 % 0.41 % 2015 0.83 % 1.17 % 0.27 % 2016 0.43% 0.59% 0.14% 2017 and thereafter 0.0% 0.0% 0.0% * * * SECTION 2. Effective dates. This Ordinance shall be effective with respect to taxes relating to tax years 2008 and thereafter. ______________________ Explanation: Italics indicate new matter added. ..End