Bill 080854
Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by revising certain tax rates; all 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. The ayes are 16; the nays are one. A majority of all members having voted in the affirmative, the bill passes. We will now consider Bill No. 080854.”
Council President Verna · Stated Meeting, December 4, 2008 · Dec 4, 2008 · official transcript, this passage
“To the President and members of the Council of the City of Philadelphia, the Committee of the Whole, to which was referred Bill No. 080853, entitled "An ordinance amending certain Sections of Title 4, Title 6, 9, 14 and 16 related to license and permit fees and other charges by modifying the amount of such fees, under certain terms and conditions"; and Bill No. 080854, entitled "An ordinance amending Section 19-2604…”
Chief Clerk · Stated Meeting, November 20, 2008 · Nov 20, 2008 · official transcript, this passage
“And Bill No. 080854, an ordinance amending Section 19-2604 of The Philadelphia Code relating to tax rates, credits and alternative tax computation for the business privilege tax.”
Chief Clerk · Stated Meeting, November 20, 2008 · Nov 20, 2008 · official transcript, this passage
Status timeline
- Nov 6, 2008Referred · CITY COUNCIL
- Nov 6, 2008Introduced (By Request) and Referred · CITY COUNCIL
- Nov 19, 2008HEARING NOTICES SENT · Committee of the Whole
- Nov 19, 2008AMENDED · Committee of the Whole
- Nov 19, 2008HEARING HELD · Committee of the Whole
- Nov 19, 2008REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee of the Whole
- Nov 20, 2008ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Nov 20, 2008SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Nov 20, 2008ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
- Dec 4, 2008READ · CITY COUNCIL
- Dec 4, 2008PASSED · CITY COUNCIL
- Dec 8, 2008SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
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..Title Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by revising 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 through 2013 1.415 mills 6.45% [2009] 2014 1.325 mills 6.40% [2010] 2015 1.25 mills 6.35% [2011] 2016 1.1 mills 6.30% [2012] 2017 1.0 mills 6.25% [2013] 2018 0.85 mills 6.20% [2014] 2019 0.75 mills 6.15% [2015] 2020 0.50 mills 6.10% [2016] 2021 0.25 mills 6.05% [2017] 2022 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 through 2013 2.34 % 3.29 % 0.78 % [2009] 2014 2.19 % 3.08 % 0.73 % [2010] 2015 2.07 % 2.91 % 0.69 % [2011] 2016 1.82 % 2.56 % 0.61 % [2012] 2017 1.65 % 2.33 % 0.55 % [2013] 2018 1.40 % 1.98 % 0.47 % [2014] 2019 1.24 % 1.75 % 0.41 % [2015] 2020 0.83 % 1.17 % 0.27 % [2016] 2021 0.43% 0.59% 0.14% [2017] 2022 and thereafter 0.0% 0.0% 0.0% * * * ______________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End