PASSED

The enacted ordinance makes permanent and clarifies Philadelphia’s job creation tax credit for certain businesses that create new full-time jobs in the city. Qualifying jobs must pay at least 150% of the federal minimum wage; 25% of the available credits is reserved for businesses with fewer than 25 employees or for creating jobs for people with felony or incarceration histories, and the total credits are capped each year.

Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by making permanent and clarifying the pilot program under which a Job Creation Tax Credit will be given to certain businesses that create new jobs within the City of Philadelphia; all under certain terms and conditions.