VETO OVERRIDDEN

The enacted measure amended Philadelphia’s wage and net profits tax to reduce tax rates in stages for eligible low-income residents and nonresidents, with the tax eventually eliminated for very low-income residents and reduced to a set minimum for very low-income nonresidents. It also provided refunds for excess taxes paid and required the Revenue Department to create procedures and forms for eligible taxpayers to claim them.

Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by decreasing in six stages the rates of the tax imposed upon certain low income persons, providing for refunds of excess taxes paid, and directing the Revenue Department to prepare forms for use by eligible taxpayers seeking such refunds; all under certain terms and conditions.