RECONSIDERED

This enacted ordinance changes Philadelphia’s Business Privilege Tax payment rules for businesses. In a business’s first year filing a tax return, no estimated tax payment is required; in the second year, the business may pay its estimated taxes in four installments under schedules set by the Department.

Amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Privilege Taxes,' by eliminating for new businesses the requirement to make an estimated payment when filing a return for their first tax year of business operations and allowing the estimated payment in succeeding years to be made in quarterly installments, all under certain terms and conditions.