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BillENACTED

Bill 100787

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

Introduced Nov 18, 2010Committee on Commerce & Economic DevelopmentOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember GoodeCouncilmember 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. “100756, entitled "An ordinance amending Chapter 17-1300 of The Philadelphia Code, entitled 'Philadelphia 21st Century Minimum Wage and Benefits Standard,' by broadening the definition of the 'City financial aid recipients' who are subject to that Chapter to or entities who lease property or equipment from persons or entities who receive City assistance"; and Bill No. 100787, entitled "An ordinance amending Chapter 19…”

    Chief Clerk · Stated Meeting, December 16, 2010 · Dec 16, 2010 · official transcript, this passage

  2. “The Committee on Commerce and Economic Development, to which was referred Bill No. 100756, entitled "An ordinance amending Chapter 17-1300 of The Philadelphia Code, entitled 'Philadelphia 21st Century Minimum Wage and Benefits Standard,' by broadening the definition of the 'City financial aid recipients' who are subject to that Chapter to include certain lease property or equipment from persons or entities who receiv…”

    Chief Clerk · Stated Meeting, December 9, 2010 · Dec 9, 2010 · official transcript, this passage

Status timeline

  1. Nov 18, 2010Introduced and Referred · CITY COUNCIL
  2. Dec 8, 2010HEARING NOTICES SENT · Committee on Commerce & Economic Development
  3. Dec 8, 2010HEARING HELD · Committee on Commerce & Economic Development
  4. Dec 8, 2010AMENDED · Committee on Commerce & Economic Development
  5. Dec 8, 2010REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Commerce & Economic Development
  6. Dec 9, 2010SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  7. Dec 9, 2010ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  8. Dec 9, 2010ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Dec 16, 2010READ AND PASSED · CITY COUNCIL
  10. Jan 5, 2011SIGNED · 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 extending the "Special Tax Credit Opportunity for Job Creation," 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. (iii) Special Tax Credit Opportunity for Job Creation in 2012 and 2013. 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 2012 or 2013, up to the maximum job creation amount specified in the commitment letter. * * * ______________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End 4 2