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Minutes

Committee Hearing, June 7, 2004

Philadelphia City Council Committee HearingsJun 7, 2004

COUNCIL OF THE CITY OF PHILADELPHIA COMMITTEE OF THE WHOLE - - - Room 400, City Hall Philadelphia, Pennsylvania Monday, June 7, 2004 9:25 a.m. - - - Bill 040601 - Ordinance adopting the Operating Budget for FY '05 Bill 040602 - Ordinance to adopt FY '05 Capital Budget Bill 040603 - Ordinance to adopt a Capital Program for the six Fiscal Years 2005-2010 inclusive. Bill 040607 - Ordinance amending Chapter 19-1500 of the Philadelphia Code entitled "Wage and Net Profits Tax" by decreasing the rates of the tax, by making technical amendments changing the effective dates for rate changes and repealing certain provisions, all under certain terms and conditions. Bill 040608 - Ordinance amending Section 19-2604 of the Philadelphia Code relating to tax rates, credits and alternative tax computation for the business privilege tax by reducing certain tax rates, all under certain terms and conditions. Bill 040609 - Ordinance amending Chapter 19-2600 of the Philadelphia Code entitled "Business Privilege Taxes" by amending the definition of Net Income to determine the net income of unincorporated businesses by allowing deductions of payments to certain proprietors or partners. Bill 040610 - Ordinance amending Chapter 19-1500 of the Philadelphia Code entitled "Wage and Net Profits Tax" by decreasing in six stages the rates of the tax imposed upon certain low income persons, etc. - - - V A R A L L O Incorporated (215) 561-2220 2

Ms. Ortiz

The Committee of the Whole and the Committee on Fiscal Stability will be continued until 1 o'clock this afternoon. (The hearing recessed until 1:00 p.m.)

Ms. Ortiz

The Committee of the Whole and the Committee on Fiscal Stability will be continued until 4 o'clock this afternoon. (The hearing recessed until 4:00 p.m.)

Ms. Ortiz

The Committee of the Whole and the Committee of Fiscal Stability will be continued tomorrow at 10:00 a.m. Tomorrow is June 8. Thank you. (The hearing recessed at 4:00 p.m.) 3 CERTIFICATE I HEREBY CERTIFY that the foregoing proceedings of the Committee of the Whole of the Council of the City of Philadelphia of June 7, 2004, were reported fully and accurately by me, and that this is a correct transcript of same. ______________________________ Cynthia A. Whyte, RPR (The foregoing certification of this transcript does not apply to any reproduction of the same by any means, unless under the direct control and/or supervision of the certifying reporter.)