PASSED

This enacted ordinance amended Philadelphia’s Business Privilege Tax rules to define which businesses qualify as information technology companies. It excluded receipts from the specific business activities of qualifying information technology companies when calculating the tax for tax years 2001 through 2006, affecting businesses in listed technology-related industries.

Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by adding the definition of "information technology company" and by excluding from the definition of receipts, any receipts from the specific business conducted by an information technology company, under certain terms and conditions.