THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
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(2) Examinations of taxpayers by the Revenue Commissioner shall be limited to the most recent three years (3) years unless a substantial understatement exists in any of the three years examined in which case the examination shall be limited to the most recent six years. Examinations of taxpayers by the Revenue Commissioner shall not be subject to any time limitation where the taxpayer failed to file a tax return for the applicable tax period or where the taxpayer committed fraud. A substantial understatement exists where the understatement in tax for the year exceeds 20% of the tax required to be shown on the return. A return shall also include an annual wage tax reconciliation, or any other annual trust tax reconciliation.
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Explanation:
[Brackets] indicate matter deleted.
Italics
indicate new matter added.
End
Timeline
A file can move through several public steps, including introduction, hearings, amendments, votes and final action. This timeline puts those events in date order, groups routine entries from the same day, and attaches published member votes to the action they record.
Marked unanimous; no member-by-member tally published.
A motion was made by Councilmember Reynolds Brown that this matter be Introduced. The motion carried unanimously.
Source: LegislationDetail.aspx · gridLegislation
Source: LegislationDetail.aspx · gridLegislation