civus
BillHELD IN COMMITTEE

Bill 210323

Amending Chapter 19-2600 of The Philadelphia Code, entitled “Business Income and Receipts Taxes,” by revising certain tax rates, under certain terms and conditions.

Introduced Apr 15, 2021Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Council President ClarkeCouncilmember Parker

Status timeline

  1. Apr 15, 2021Introduced and Referred · CITY COUNCIL
  2. May 3, 2021HEARING NOTICES SENT · Committee of the Whole
  3. May 3, 2021HEARING HELD · Committee of the Whole
  4. May 3, 2021RECESSED · Committee of the Whole
  5. May 4, 2021HEARING NOTICES SENT · Committee of the Whole
  6. May 4, 2021HEARING HELD · Committee of the Whole
  7. May 4, 2021RECESSED · Committee of the Whole
  8. May 5, 2021HEARING NOTICES SENT · Committee of the Whole
  9. May 5, 2021HEARING HELD · Committee of the Whole
  10. May 5, 2021RECESSED · Committee of the Whole
  11. May 10, 2021HEARING NOTICES SENT · Committee of the Whole
  12. May 10, 2021HEARING HELD · Committee of the Whole
  13. May 10, 2021RECESSED · Committee of the Whole
  14. May 11, 2021HEARING NOTICES SENT · Committee of the Whole
  15. May 11, 2021HEARING HELD · Committee of the Whole
  16. May 11, 2021RECESSED · Committee of the Whole
  17. May 12, 2021HEARING NOTICES SENT · Committee of the Whole
  18. May 12, 2021HEARING HELD · Committee of the Whole
  19. May 12, 2021RECESSED · Committee of the Whole
  20. May 19, 2021HEARING NOTICES SENT · Committee of the Whole
  21. May 19, 2021HEARING HELD · Committee of the Whole
  22. May 19, 2021RECESSED · Committee of the Whole
  23. May 24, 2021HEARING NOTICES SENT · Committee of the Whole
  24. May 24, 2021HEARING HELD · Committee of the Whole
  25. May 24, 2021RECESSED · Committee of the Whole
  26. May 26, 2021HEARING NOTICES SENT · Committee of the Whole
  27. May 26, 2021HEARING HELD · Committee of the Whole
  28. May 26, 2021RECESSED · Committee of the Whole
  29. Jun 2, 2021HEARING NOTICES SENT · Committee of the Whole
  30. Jun 2, 2021HEARING HELD · Committee of the Whole
  31. Jun 2, 2021RECESSED · Committee of the Whole
  32. Jun 8, 2021HEARING NOTICES SENT · Committee of the Whole
  33. Jun 8, 2021HEARING HELD · Committee of the Whole
  34. Jun 8, 2021RECESSED · Committee of the Whole
  35. Jun 10, 2021HEARING NOTICES SENT · Committee of the Whole
  36. Jun 10, 2021RECESSED · Committee of the Whole
  37. Jun 10, 2021RECESSED · Committee of the Whole
  38. Jun 11, 2021HEARING NOTICES SENT · Committee of the Whole
  39. Jun 11, 2021RECESSED · Committee of the Whole
  40. Jun 14, 2021HEARING NOTICES SENT · Committee of the Whole
  41. Jun 14, 2021RECESSED · Committee of the Whole
  42. Jun 15, 2021HEARING NOTICES SENT · Committee of the Whole
  43. Jun 15, 2021RECESSED · Committee of the Whole
  44. Jun 17, 2021HEARING NOTICES SENT · Committee of the Whole
  45. Jun 17, 2021RECESSED · Committee of the Whole
  46. Jun 17, 2021RECESSED · Committee of the Whole

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 Income and Receipts Taxes," by revising certain tax rates, 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 as follows: CHAPTER 19-2600. BUSINESS INCOME AND RECEIPTS TAXES * * * � 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 % * * * 2021 1.415 mills [6.20%] 6.10% 2022 1.415 mills [6.20%] 6.00% 2023 1.415 mills [6.15%] 5.75% 2024 [and thereafter] 1.415 mills [6.10%] 5.5% 2025 and thereafter 1.415 mills 5.25% * * * ___________________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End 2