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BillENACTED

Bill 090012

Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by providing for the "New Philadelphia Job Creation Tax Credit," under certain terms and conditions.

Introduced Jan 22, 2009Committee on Commerce & Economic DevelopmentOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember GoodeCouncilmember GoodeCouncilmember GreenCouncilmember Green

From the floor

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

  1. “…Park Commission to sublease the property at the Philadelphia Holocaust Remembrance Foundation"; and Bill No. 090012, an ordinance amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by providing for the "New Philadelphia Job Creation Tax Credit"; and Bill No. 090353, an ordinance amending Section 19-2604 of The Philadelphia Code, by amending the provisions providing a credit for 6/…”

    Chief Clerk · Stated Meeting, June 11, 2009 · Jun 11, 2009 · official transcript, this passage

  2. “…the City of Philadelphia, the Committee on Commerce and Economic Development, to which was referred Bill No. 090012, entitled "An ordinance amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Privilege Taxes,' by providing for the 'New Philadelphia Job Creation Tax Credit'"; and Bill No. 090353, entitled "An ordinance amending Section 19-2604 of The Philadelphia Code by amending the provisions provi…”

    Chief Clerk · Stated Meeting, June 4, 2009 · Jun 4, 2009 · official transcript, this passage

Status timeline

  1. Jan 22, 2009
    Referred · CITY COUNCIL
  2. Jan 22, 2009
    Introduced · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Goode that this matter be Introduced. The motion carried unanimously.

  3. May 21, 2009
    HEARING NOTICES SENT · Committee on Commerce & Economic Development
  4. May 21, 2009
    AMENDED · Committee on Commerce & Economic Development
  5. May 21, 2009
    HEARING HELD · Committee on Commerce & Economic Development
  6. May 21, 2009
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Commerce & Economic Development
  7. Jun 4, 2009
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  8. Jun 4, 2009
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Goode that this matter be SUSPEND THE RULES OF THE COUNCIL. The motion carried unanimously.

  9. Jun 4, 2009
    ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  10. Jun 11, 2009
    READ · CITY COUNCIL
  11. Jun 11, 2009
    PASSED · CITY COUNCIL

    Recorded result: Pass

    A motion was made that this matter be PASSED. The motion carried by the following vote:

  12. Jun 24, 2009
    SIGNED · 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 providing for the "New Philadelphia Job Creation Tax Credit," 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. * * * (7) Credit for New Job Creation. * * * (d) Tax Credits. (1) (i) Basic Maximum Amount. A business may claim a tax credit in an amount equal to two percent of the annual wages paid for each new job, or $1,000 per new job created (or $5,000 per new job created in the case of new employment opportunities for ex-offenders), whichever is higher, up to the maximum job creation amount specified in the commitment letter. The Department shall establish by regulation a methodology by which the annual wages paid by each new job are to be determined. (ii) Special Tax Credit Opportunity for Job Creation in 2010 and 2011. In connection with any application for a Job Creation Tax Credit filed after the effective date of this subparagraph, a business may claim a tax credit in the amount of $3,000 or the amount permitted under subparagraph (i), whichever is higher, for each new job created in 2010 or 2011, up to the maximum job creation amount specified in the commitment letter. * * * (g) The Department of Revenue shall by [December 31] July 1 of each year submit a written report to the Mayor, with a copy to the President and Chief Clerk of Council, summarizing the City's experience during the prior year with the tax credit provided under this Section. _____________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End