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This lapsed bill would have gradually reduced Philadelphia’s wage and net profits tax rates for low-income residents and nonresidents who qualified for a full or partial refund or forgiveness of state income taxes based on poverty income. It proposed rates declining over time, with refunds for taxes paid above the reduced amounts, while existing filing and withholding requirements would have continued.

Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by decreasing in stages the rates of the tax imposed upon certain low income persons, all under certain terms and conditions.