THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Title 19 of The Philadelphia Code is hereby amended to read as follows:
TITLE 19. FINANCE, TAXES AND COLLECTIONS
CHAPTER 19-2600. BUSINESS INCOME AND RECEIPTS TAXES
§ 19-2601. Definitions.
In addition to the definitions provided in the Act of May 30, 1984, P.L. 345, No. 69, known as the First Class City Business Tax Reform Act, and Chapter 19-500 of this Title, the following definitions shall apply:
Business. Carrying on or exercising for gain or profit within a city of the first class, any trade, business, including financial business as hereinafter defined, profession, vocation or commercial activity, including the partial or complete liquidation or sale of business assets, or making sales to persons within such city of the first class. “Business” shall not include the following:
(8) For tax year 2026 and thereafter, any business conducted by an entity owned and operated as a sole proprietorship by an individual or by a single-member limited liability company whose sole member is an individual.
Individual. A natural person.
SECTION 2. This Ordinance shall be effective July 1, 2026.
Explanation: [Brackets] indicate matter deleted.
Italics
indicate new matter added.
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