PASSED

This enacted ordinance amended Philadelphia’s business privilege tax rates for tax years 2008 and later. It reduced the tax rates on business receipts and net income, and set alternative receipts-tax rates for manufacturers, wholesalers, and retailers, with the receipts-based rates reaching zero for tax years 2017 and later.

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; all under certain terms and conditions.