civus
BillENACTED

Bill 080526

Amending Section 19-1804 of The Philadelphia Code, entitled "Authorization of Net Income Tax," by revising the rate of tax, under certain terms and conditions.

Introduced May 22, 2008Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Tasco

From the floor

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

  1. “…. A majority of all members having voted in the affirmative, this bill passes. We will now consider Bill No. 080526.”

    Council President Verna · Stated Meeting, June 19, 2008 · Jun 19, 2008 · official transcript, this passage

  2. “…nth supplemental ordinance to the Amended and Restated General Airport Revenue Bond Ordinance"; and Bill No. 080526, entitled "An ordinance amending Section 19-1804 of The Philadelphia Code, entitled 'Authorization of Net Income Tax,' by revising the rate of tax, under certain terms and conditions," respectfully reports it has considered the same and returns the attached bills to Council with a favorable recommendati…”

    Chief Clerk · Stated Meeting, June 12, 2008 · Jun 12, 2008 · official transcript, this passage

  3. “And Bill No. 080526, an ordinance amending Section 19-1804 of The Philadelphia Code, entitled "Authorization of Net Income Tax," by revising the rate of tax, under certain terms and conditions.”

    Chief Clerk · Stated Meeting, June 12, 2008 · Jun 12, 2008 · official transcript, this passage

Status timeline

  1. May 22, 2008
    Referred · CITY COUNCIL
  2. May 22, 2008
    Introduced · CITY COUNCIL

    Recorded result: Pass

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

  3. Jun 9, 2008
    HEARING NOTICES SENT · Committee on Finance
  4. Jun 9, 2008
    HEARING HELD · Committee on Finance
  5. Jun 9, 2008
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
  6. Jun 12, 2008
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  7. Jun 12, 2008
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    Recorded result: Pass

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

  8. Jun 12, 2008
    ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Jun 19, 2008
    READ · CITY COUNCIL
  10. Jun 19, 2008
    PASSED · CITY COUNCIL

    Recorded result: Pass

    A motion was made that this matter be PASSED. The motion carried by the following vote:

  11. Jun 27, 2008
    SIGNED · MAYOR

Official documents

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

Full text

Read the full text as published

..Title Amending Section 19-1804 of The Philadelphia Code, entitled "Authorization of Net Income Tax," by revising the rate of tax, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Section 19-1804 of The Philadelphia Code is amended to read as follows: § 19-1804. Authorization of Net Income Tax. * * * (2) Imposition of the Tax. (a) Except as excluded in subsection (3), the Board is authorized to impose a tax for the following Fiscal Years for general school purposes, on every person who is a resident of the School District of Philadelphia on the net income from the ownership, lease, sale or other disposition of real property and tangible and intangible personal property, received or credited to said person during the corresponding Tax Year as set forth in the table below, including the net income paid to any beneficiary of a trust or estate and the income of any trust or estate and of which such person is the substantial owner, at the following rates, provided that, in the event the rate of any tax imposed hereunder is determined to exceed any limitation imposed by statute, it is the intent of this Ordinance to impose such tax at the maximum permissible rate: For Fiscal Year(s) On Net Income Received or Credited During Tax Year(s) Rate * * * * * * * * * 2007 and thereafter The Tax Year Prior to the Fiscal Year The rate at which taxes are imposed on residents under Section 19-1502(1)(a) ("Tax on Salaries, Wages, Commissions and Other Compensation") plus the rate at which taxes are imposed under § 19-2803 ("Imposition of Pennsylvania Intergovernmental Cooperation Authority Tax on Wages and Net Profits") [for] in effect on July 1 of the Tax Year Prior to the Fiscal Year * * * ..End