READ AND PASSED

This enacted ordinance lowers Philadelphia’s wage and net profits tax rate by 0.5 percentage points for eligible low-income residents and nonresidents, and allows them to seek refunds for excess taxes paid. It requires the Revenue Department to create refund procedures and forms, and requires employers to provide the forms to employees who had Philadelphia taxes withheld.

Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by decreasing the rate or rates of the tax imposed upon certain low income persons, providing for refunds of excess taxes paid, directing the Revenue Department to develop procedures and forms whereby eligible taxpayers can obtain such refunds, and requiring employers to provide refund forms to employees; all under certain terms and conditions.