Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," by amending Section 19-2606, entitled "Returns," to revise filing requirements, under certain terms and conditions.
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
*
*
*
§ 19-2606. Returns.
*
*
*
(4) A person whose Taxable Receipts in a given year are reduced to or below zero by the exclusion from the definition of “Receipts” provided under paragraph (14) of that definition (relating to the exclusion of the first $100,000 in taxable receipts) and who, as a result of such exclusion, owes no tax under this Chapter,
shall not be required to file a return.
SECTION 2. This Ordinance shall apply to tax years 2020 and thereafter.
___________________________________
Explanation:
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.