Bill 180077-A
Amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Privilege Taxes,' by eliminating for new businesses the requirement to make an estimated payment when filing a return for their first tax year of business operations and allowing the estimated payment in succeeding years to be made in quarterly installments, 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.
“To the President and members of the Council of the City of Philadelphia, I am pleased to advise you Stated Meeting October 4, 2018 3, 2018, I signed the following bill which was passed by Council at its session on September 20, 2018: Bill No. 180077-A. And I am submitting herewith for the consideration of your honorable body an ordinance amending Title 4 of The Philadelphia Code, entitled "The Philadelphia Building C…”
Chief Clerk · Stated Meeting, October 4, 2018 · Oct 4, 2018 · official transcript, this passage
Status timeline
- Feb 1, 2018Introduced and Referred · CITY COUNCIL
- Jun 6, 2018HEARING NOTICES SENT · Committee on Finance
- Jun 6, 2018HEARING HELD · Committee on Finance
- Jun 6, 2018AMENDED · Committee on Finance
- Jun 6, 2018REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
- Jun 7, 2018ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 7, 2018SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 7, 2018READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Jun 14, 2018READ AND PASSED · CITY COUNCIL
- Sep 13, 2018READ · CITY COUNCIL
- Sep 13, 2018RECONSIDERED · CITY COUNCIL
- Sep 13, 2018ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING. · CITY COUNCIL
- Sep 13, 2018AMENDED · CITY COUNCIL
- Sep 20, 2018READ AND PASSED · CITY COUNCIL
- Oct 3, 2018SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
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..Title Amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Privilege Taxes,' by eliminating for new businesses the requirement to make an estimated payment when filing a return for their first tax year of business operations and allowing the estimated payment in succeeding years to be made in quarterly installments, 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. * * * §19-2610. Estimated Tax Payments. The Department shall promulgate regulations to provide for estimated tax payments to be paid concurrently, with the filing of any return, and for credits to be granted on any overpayment of estimated tax [payment.] payment; provided that, in the first year that a business is required to file a return, no estimated tax payments shall be required, and in the second year that a business is required to file a return, the Department shall allow the business the option to make estimated tax payments in four installments, on a schedule and in such manner as determined by regulation. Estimated business [privilege] income and receipts tax payments for any given Tax Year shall be calculated without taking into account any reductions in tax rates or changes to apportionment formulas required by Bill No. 110554 for such Tax Year. The Department shall also promulgate regulations to provide for transition rules. Failure to make an estimated payment pursuant to these regulations shall subject a taxpayer to interest, penalties and costs as provided in Section 19-509. * * * SECTION 2. This Ordinance shall take effect July 1, 2019. ___________________________________ Explanation: Italics indicate new matter added. [Brackets] indicate matter deleted. ..End