PASSED

This lapsed bill would have amended Philadelphia’s wage and net profits tax for low-income residents and nonresidents. It proposed reducing their tax rates in stages, with very low-income residents eventually paying no tax and very low-income nonresidents’ rates limited to a minimum, while allowing refunds for taxes paid above the new amounts. Tax withholding and filing requirements would have continued to apply.

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, and providing for refunds of excess taxes paid, all under certain terms and conditions.