READ AND PASSED

This enacted measure changes Philadelphia’s wage and net profits tax rates for low-income residents and nonresidents. Beginning in 2020, the rate for low-income residents becomes zero on wages and net profits after specified dates, while low-income nonresidents generally pay a 1.5% rate after June 30, 2020, with that rate ending when the related Pennsylvania Intergovernmental Cooperation Authority tax expires.

Amending Section 19-1508 of The Philadelphia Code, entitled "Refunds and Forgiveness for Poverty Income," to revise the tax rate, under certain terms and conditions.