PASSED

The enacted ordinance amends Philadelphia’s Business Privilege Tax rules. It changes how businesses calculate and pay the tax, including requiring estimated payments, addressing businesses that change their accounting year or end operations, and excluding receipts from traveler accommodation services from taxable receipts.

Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by eliminating the prepaid structure of the tax, by clarifying the period to be used in computation of the tax, by requiring the payment of an estimated payment, by ensuring that gains from the termination of the business are subject to tax, by clarifying the treatment of calendar and fiscal taxpayers and by amending definitions of the tax, under certain terms and conditions.