FAILED

This lapsed bill would have amended Philadelphia’s wage and net profits tax by lowering tax rates for residents and nonresidents who earn wages or business profits in the city. It also proposed technical changes to when rate changes would take effect and would have repealed certain existing rate-reduction provisions; it did not become current law.

Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by decreasing the rates of the tax, by making technical amendments changing the effective dates for rate changes, and, repealing certain provisions, all under certain terms and conditions.