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Source: LegislationDetail.aspx · gridLegislation
Full Bill
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
periodic
estimated tax payments to be paid [concurrently with]
, at a minimum, fifty percent
(50%) by
the due date, without extension, for
the filing of any return
and fifty percent (50%) on or before the fifteenth day of the sixth month of the applicable tax year
, and for credits to be granted on any [overpayment of estimated]
excess estimated
tax payment.
The Department is authorized to provide for additional estimated tax payments on or after the first day of the seventh month of the applicable tax year.
The Department shall also promulgate regulations to provide for transition rules
should periodic estimated payments in excess of the minimum be authorized by the Department
. 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 commencing with tax years beginning on or after January 1, 2005.
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Explanation:
[Brackets] indicate matter deleted.
Italics
indicate new matter added.
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