READ AND PASSED

This enacted ordinance revised Philadelphia’s Wage and Net Profits Tax rates. Starting in 2015, the rate for Philadelphia residents’ wages and net profits was set at 2.4102%, while the rate for nonresidents’ Philadelphia-earned wages and net profits was set at 3.4828%; the wage rate applied beginning July 1, 2015, and the net-profits rate beginning January 1, 2015.

Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," by revising certain tax rates, under certain terms and conditions.