Bill 080526
Amending Section 19-1804 of The Philadelphia Code, entitled "Authorization of Net Income Tax," by revising the rate of tax, under certain terms and conditions.
Introduced by
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“Aye. 6/19/08 - STATED - 2ND READING The ayes are 17; the nays are zero. A majority of all members having voted in the affirmative, this bill passes. We will now consider Bill No. 080526.”
Council President Verna · Stated Meeting, June 19, 2008 · Jun 19, 2008 · official transcript, this passage
“To the President and members of the Council of the City of Philadelphia, the Committee on Finance, to which was referred Bill No. 080486, entitled "An ordinance amending Chapter 19-3200, entitled 'Keystone Opportunity Zone and Economic Development District,' by providing for the extension of benefits for certain properties in certain subzones"; and Bill No. 080500, entitled "An ordinance authorizing the Director of H…”
Chief Clerk · Stated Meeting, June 12, 2008 · Jun 12, 2008 · official transcript, this passage
“And Bill No. 080526, an ordinance amending Section 19-1804 of The Philadelphia Code, entitled "Authorization of Net Income Tax," by revising the rate of tax, under certain terms and conditions.”
Chief Clerk · Stated Meeting, June 12, 2008 · Jun 12, 2008 · official transcript, this passage
Status timeline
- May 22, 2008Referred · CITY COUNCIL
- May 22, 2008Introduced · CITY COUNCIL
- Jun 9, 2008HEARING NOTICES SENT · Committee on Finance
- Jun 9, 2008HEARING HELD · Committee on Finance
- Jun 9, 2008REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
- Jun 12, 2008ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 12, 2008SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 12, 2008ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
- Jun 19, 2008READ · CITY COUNCIL
- Jun 19, 2008PASSED · CITY COUNCIL
- Jun 27, 2008SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
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..Title Amending Section 19-1804 of The Philadelphia Code, entitled "Authorization of Net Income Tax," by revising the rate of tax, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Section 19-1804 of The Philadelphia Code is amended to read as follows: § 19-1804. Authorization of Net Income Tax. * * * (2) Imposition of the Tax. (a) Except as excluded in subsection (3), the Board is authorized to impose a tax for the following Fiscal Years for general school purposes, on every person who is a resident of the School District of Philadelphia on the net income from the ownership, lease, sale or other disposition of real property and tangible and intangible personal property, received or credited to said person during the corresponding Tax Year as set forth in the table below, including the net income paid to any beneficiary of a trust or estate and the income of any trust or estate and of which such person is the substantial owner, at the following rates, provided that, in the event the rate of any tax imposed hereunder is determined to exceed any limitation imposed by statute, it is the intent of this Ordinance to impose such tax at the maximum permissible rate: For Fiscal Year(s) On Net Income Received or Credited During Tax Year(s) Rate * * * * * * * * * 2007 and thereafter The Tax Year Prior to the Fiscal Year The rate at which taxes are imposed on residents under Section 19-1502(1)(a) ("Tax on Salaries, Wages, Commissions and Other Compensation") plus the rate at which taxes are imposed under § 19-2803 ("Imposition of Pennsylvania Intergovernmental Cooperation Authority Tax on Wages and Net Profits") [for] in effect on July 1 of the Tax Year Prior to the Fiscal Year * * * ..End