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BillLAPSED

Bill 060089

Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates, under certain terms and conditions.

Introduced Feb 9, 2006Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Nutter

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “…cil business. I'd like to be recorded as voting on all resolutions and bills, with the exception of Bill 060089, 060090. Thank you.”

    Councilwoman Tasco · Stated Meeting, May 25, 2006 · May 25, 2006 · official transcript, this passage

  2. “…. A majority of all members having voted in the affirmative, this bill passes. We will now consider Bill No. 060089.”

    Council President Verna · Stated Meeting, May 25, 2006 · May 25, 2006 · official transcript, this passage

  3. “…nt of money in question is relatively small, although I would again point out that the rates in the Bill 060089 exactly mirror the present rates at least in the Five-Year Plan, so the cost is zero, because the Administration has already accounted for those costs. There may be subsequent changes to the Five-Year Plan for different reasons, and I don't know that 5/25/06 - STATED - 2ND READING any of us know at the mome…”

    Councilman Nutter · Stated Meeting, May 25, 2006 · May 25, 2006 · official transcript, this passage

  4. “…itled 'Business Privilege Taxes,' by adding a new exception from the definition of 'Receipts'"; and Bill No. 060089, entitled "An ordinance amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates"; and Bill No. 060090, entitled "An ordinance amending Section 19-2604 of The Philadelphia Code, relatin…”

    The Clerk · Stated Meeting, May 4, 2006 · May 4, 2006 · official transcript, this passage

  5. “And Bill No. 060089, entitled "An ordinance amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax."”

    The Clerk · Stated Meeting, May 4, 2006 · May 4, 2006 · official transcript, this passage

Status timeline

  1. Feb 9, 2006
    Referred · CITY COUNCIL
  2. Feb 9, 2006
    Introduced · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Nutter that this matter be Introduced. The motion carried unanimously.

  3. Feb 27, 2006
    HEARING NOTICES SENT · Committee of the Whole
  4. Feb 27, 2006
    RECESSED · Committee of the Whole
  5. Feb 27, 2006
    HEARING HELD · Committee of the Whole
  6. Mar 1, 2006
    HEARING HELD · Committee of the Whole
  7. Mar 1, 2006
    RECESSED · Committee of the Whole
  8. Mar 7, 2006
    HEARING HELD · Committee of the Whole
  9. Mar 7, 2006
    RECESSED · Committee of the Whole
  10. Mar 8, 2006
    HEARING HELD · Committee of the Whole
  11. Mar 8, 2006
    RECESSED · Committee of the Whole
  12. Mar 14, 2006
    HEARING HELD · Committee of the Whole
  13. Mar 14, 2006
    RECESSED · Committee of the Whole
  14. Mar 15, 2006
    HEARING HELD · Committee of the Whole
  15. Mar 15, 2006
    RECESSED · Committee of the Whole
  16. Mar 21, 2006
    HEARING HELD · Committee of the Whole
  17. Mar 21, 2006
    RECESSED · Committee of the Whole
  18. Mar 22, 2006
    RECESSED · Committee of the Whole
  19. Mar 22, 2006
    HEARING HELD · Committee of the Whole
  20. Mar 28, 2006
    HEARING HELD · Committee of the Whole
  21. Mar 28, 2006
    RECESSED · Committee of the Whole
  22. Mar 29, 2006
    HEARING HELD · Committee of the Whole
  23. Mar 29, 2006
    RECESSED · Committee of the Whole
  24. Apr 4, 2006
    RECESSED · Committee of the Whole
  25. Apr 4, 2006
    HEARING HELD · Committee of the Whole
  26. Apr 5, 2006
    HEARING HELD · Committee of the Whole
  27. Apr 5, 2006
    RECESSED · Committee of the Whole
  28. Apr 6, 2006
    HEARING HELD · Committee of the Whole
  29. Apr 6, 2006
    RECESSED · Committee of the Whole
  30. Apr 19, 2006
    HEARING HELD · Committee of the Whole
  31. Apr 19, 2006
    RECESSED · Committee of the Whole
  32. Apr 27, 2006
    HEARING HELD · Committee of the Whole
  33. Apr 27, 2006
    RECESSED · Committee of the Whole

    Held until 5/4/06 @ 9:30 AM.

  34. May 4, 2006
    HEARING HELD · Committee of the Whole
  35. May 4, 2006
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee of the Whole
  36. May 4, 2006
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  37. May 4, 2006
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Blackwell that this matter be SUSPEND THE RULES OF THE COUNCIL. The motion carried unanimously.

  38. May 4, 2006
    ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  39. May 25, 2006
    READ · CITY COUNCIL
  40. May 25, 2006
    FAILED · CITY COUNCIL

    Recorded result: Fail

    A motion was made that this matter be FAILED. The motion failed by the following vote:

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title Amending Section 19-2604 of The Philadelphia Code, relating to tax rates, credits and alternative tax computation for the business privilege tax, by reducing certain tax rates, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Section 19-2604 of The Philadelphia Code is amended to read as follows: §19-2604. Tax Rates, Credits, and Alternative Tax Computation. (1) Every business shall pay an annual tax on each dollar of annual receipts at the millage rate shown in the second column of the following chart ("Receipts rate in mills"), and an annual tax on net income at the percentage rate shown in the third column ("Net income rate %"), except that a regulated industry shall only pay an annual tax on each dollar of annual receipts at the millage rate shown in the second column, and in an amount not to exceed the percentage of net income shown in the third column: Tax year(s) Receipts rate in mills Net income rate % * * * * * * * * * 2005 1.90 mills 6.50% 2006 [1.75] 1.665 mills 6.50% 2007 [1.625] 1.54 mills 6.50% 2008 [and thereafter] [1.50] 1.415 mills 6.50% 2009 1.29 mills 6.50% 2010 and thereafter 1.165 mills 6.50% * * * (3) Alternative Receipts Tax Computation. A manufacturer (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on manufacturing sales at the rate shown in the following chart under the column entitled "Manufacturers," multiplied by receipts from manufacturing sales after deducting the applicable cost of goods sold as determined under the rules provided by the Federal Internal Revenue Code. A wholesaler (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on wholesale sales at the rate shown under the column entitled "Wholesalers," multiplied by receipts from wholesale sales after deducting the applicable cost of goods and the applicable cost of labor. A retailer (other than a regulated industry) shall at its option be permitted to compute the gross receipts tax on retail sales at the rate shown under the column entitled "Retailers," multiplied by receipts from retail sales after deducting the applicable cost of goods and the applicable cost of labor: Tax year(s) Manufacturer (%) Wholesalers (%) Retailers (%) * * * * * * * * * * * * 2005 3.14 % 4.42 % 1.05 % 2006 [2.89] 2.75% [4.07] 3.87% [0.97] 0.92% 2007 [2.68] 2.54% [3.78] 3.58% [0.90] 0.85% 2008 [and thereafter] [2.48] 2.33% [3.49] 3.29% [0.83] 0.78% 2009 2.13% 3.00% 0.71% 2010 and thereafter 1.92% 2.71% 0.64% * * * _____________________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End 2