civus
BillENACTED

Bill 080573

Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by expanding the program under which a credit against business privilege taxes is given to certain businesses that contribute monies to community development corporations undertaking economic development activities within the City of Philadelphia; all under certain terms and conditions.

Introduced Jun 12, 2008Committee on Commerce & Economic DevelopmentOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Goode

From the floor

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

  1. “Bill No. 080573, an ordinance amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by expanding the program under which a credit against business privilege taxes is given to certain businesses; and Bill No. 080544, an ordinance authorizing the revision of lines and grades on a portion of City Plan No. 163 by relocating the southwesterly houseline and curbline of Ridge Avenue near Ca…”

    Chief Clerk · Stated Meeting, November 6, 2008 · Nov 6, 2008 · official transcript, this passage

  2. “And Bill No. 080573, an ordinance amending Chapter 19-2600 of The Philadelphia Code, 10/23/08 - STATED - 2ND READING entitled "Business Privilege Taxes," by expanding the program under which a credit against business privilege taxes is given to certain businesses that contribute monies to community development corporations undertaking economic development activities within the City of Philadelphia.”

    Chief Clerk · Stated Meeting, October 23, 2008 · Oct 23, 2008 · official transcript, this passage

  3. “To the President and members of the Council of the City of Philadelphia, the Committee on Commerce and Economic Development, to which was referred Bill No. 080573, entitled "An ordinance amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Privilege Taxes,' by expanding the program under which a credit against business privilege taxes is given to certain businesses that contribute monies to community…”

    Chief Clerk · Stated Meeting, October 16, 2008 · Oct 16, 2008 · official transcript, this passage

Status timeline

  1. Jun 12, 2008Referred · CITY COUNCIL
  2. Jun 12, 2008Introduced · CITY COUNCIL
  3. Sep 24, 2008HEARING NOTICES SENT · Committee on Commerce & Economic Development
  4. Sep 24, 2008RECESSED · Committee on Commerce & Economic Development
  5. Sep 24, 2008HEARING HELD · Committee on Commerce & Economic Development
  6. Oct 1, 2008HEARING NOTICES SENT · Committee on Commerce & Economic Development
  7. Oct 1, 2008HEARING HELD · Committee on Commerce & Economic Development
  8. Oct 1, 2008REPORTED FAVORABLY · Committee on Commerce & Economic Development
  9. Oct 16, 2008ORDERED PRINTED AND PLACED ON NEXT FIRST READING CALENDAR · CITY COUNCIL
  10. Oct 23, 2008READ · CITY COUNCIL
  11. Oct 23, 2008ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  12. Nov 6, 2008READ · CITY COUNCIL
  13. Nov 6, 2008PASSED · CITY COUNCIL
  14. Nov 19, 2008SIGNED · MAYOR

Official documents

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

Full text

Read the full text as published

..Title Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by expanding the program under which a credit against business privilege taxes is given to certain businesses that contribute monies to community development corporations undertaking economic development activities within the City of Philadelphia; all under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-2600 of The Philadelphia Code is hereby amended to read as follows: CHAPTER 19-2600. BUSINESS PRIVILEGE TAXES. * * * §19-2604. Tax Rates, Credits, and Alternative Tax Computation. * * * (6) Credit for Contributions to Community Development Corporations. (c) The tax credit under this subsection (6) shall be available to up to [twenty-five (25)] thirty (30) businesses that enter into a contribution agreement with the City under which the business agrees to contribute $100,000 in cash per year for ten consecutive years to a Qualifying CDC designated by the business. No tax credit shall be given for any contributions made by a business to a Qualifying CDC other than pursuant to a contribution agreement with the City executed under the terms and conditions of this subsection (6). (d) The Revenue Department shall provide application forms for businesses that wish to apply for tax credits under this Section, and it shall enter into contribution agreements under this Section with up to [twenty-five (25)] thirty (30) applicants on a "first come-first served" basis. The Revenue Department shall when necessary randomly choose among applicants that apply on the same date. SECTION 2. The provisions of Section 1 increasing the number of contribution agreements authorized under Section 19-2604(6) of the Code from twenty-five to thirty shall take effect beginning with Tax Year 2009. ..End 2