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Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," by extending the duration of the Philadelphia Internship Tax Credit, all under certain terms and conditions.

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File details

Status
LAPSED
Type
Bill
Introduced
April 11, 2013
Sponsors
Curtis Jones, Jr.

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 INCOME AND RECEIPTS TAXES.

* * *

§ 19-2604. Tax Rates, Credits, and Alternative Tax Computation.

* * *

(11) Philadelphia Internship Tax Credit.

* * *

(b) Philadelphia Internship Tax Credit. For tax years 2012 [and 2013]

through 2014

, a business may claim a credit against business income and receipts tax liability in an amount equal to the lesser of $600 or 40 percent of the compensation paid to an intern employed by the business, as follows:

* * *

____________________________

Explanation:

[Brackets] indicate matter deleted.

Italics

indicate new matter added.

End

Timeline

File history

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.

  1. UnanimousCITY COUNCIL

    Introduced and Referred

    Marked unanimous; no member-by-member tally published.

    Pass
    Official action detail

    A motion was made by Councilmember Jones that this matter be Introduced and Referred to the Committee on Commerce & Economic Development. The motion carried unanimously.

    Source: LegislationDetail.aspx · gridLegislation

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