PASSED

The enacted bill amended Philadelphia’s business privilege tax rates by reducing the tax on business receipts and net income calculations for certain tax years and afterward. It also reduced alternative tax rates available to manufacturers, wholesalers, and retailers when calculating taxes on eligible sales.

Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates, under certain terms and conditions.