READ AND PASSED

The enacted ordinance expands Philadelphia’s tax credit for businesses that hire qualifying veterans. It raises the credit for full-time employees to $5,000 and part-time employees to $2,500, allows the credit for up to 36 months, increases the lifetime limits per employee, and extends eligibility for hires made through June 30, 2020; it applies beginning with Tax Year 2015.

Amending Title 19 of The Philadelphia Code, entitled, "Finance, Taxes and Collections," by providing for an expanded tax credit for employment of veterans; all under certain terms and conditions.