Bill 140411
Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Tax," by clarifying the timing of payments relating to the Credit for Contributions to Community Development Corporations, Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives and Nonprofit Intermediaries, 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.
“140447, entitled "An ordinance to amend the Philadelphia Zoning Maps by changing the zoning designations of certain areas of land located within an area bounded by the Frankford Creek, Kensington Avenue, Adams Avenue, Griscom Street, Wakeling Street, and the Northeast Corridor Railroad Right-of-Way"; and Bill No. 130486, entitled "An ordinance amending the Ordinance approved July 12, 1968, as last amended December 21…”
Chief Clerk · Stated Meeting, June 12, 2014 · Jun 12, 2014 · official transcript, this passage
“The Committee on Finance, which is referred by Bill No. 130486, entitled "An ordinance amending the ordinance approved July 12, 1968 is last amended December 21, 2011 relating to pension benefits for employees working on behalf of the Philadelphia Gas Works by revising the Philadelphia Gas Works Pension Plan to incorporate amendments thereto, clarify the operation thereof, and has certain provisions as required by th…”
Chief Clerk · Stated Meeting, June 5, 2014 · Jun 5, 2014 · official transcript, this passage
Status timeline
- May 8, 2014Introduced and Referred · CITY COUNCIL
- May 22, 2014HEARING NOTICES SENT · Committee on Finance
- May 22, 2014HEARING HELD · Committee on Finance
- May 22, 2014REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
- Jun 5, 2014ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 5, 2014SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 5, 2014ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
- Jun 12, 2014READ AND PASSED · CITY COUNCIL
- Aug 5, 2014SIGNED · MAYOR
Official documents
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..Title Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Tax," by clarifying the timing of payments relating to the Credit for Contributions to Community Development Corporations, Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives and Nonprofit Intermediaries, 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 INCOME AND RECEIPTS TAX. * * * § 19-2604. Tax Rates, Credits, and Alternative Tax Computation. * * * (6) Credit for Contributions to Community Development Corporations, Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives and Nonprofit Intermediaries. * * * (b) Subject to the provisions of subsection (6)(f), a business shall receive a tax credit of $85,000 per year against business income and receipts tax liability for each year the business contributes $85,000 in cash to a Qualifying Organization under the terms and conditions of this subsection (6). The contribution must be made in the year for which the credit is sought, unless the Department has agreed to an extension of not more than twelve months, which it shall do upon finding that (i) taxpayer's circumstances present good cause for delayed payment; and (ii) denial of the extension would cause hardship to the Qualifying Organization. SECTION 2. Effective date. This Ordinance shall take effect with respect to credits for tax year 2013 and thereafter. ..End