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BillENACTED

Bill 100787

Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by extending the "Special Tax Credit Opportunity for Job Creation," under certain terms and conditions.

Introduced Nov 18, 2010Committee on Commerce & Economic DevelopmentOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember GoodeCouncilmember Goode

From the floor

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

  1. “…entities who lease property or equipment from persons or entities who receive City assistance"; and Bill No. 100787, entitled "An ordinance amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Privilege Taxes,' by extending the 'Special Tax Credit Opportunity for Job Creation'"; and Bill No. "”

    Chief Clerk · Stated Meeting, December 16, 2010 · Dec 16, 2010 · official transcript, this passage

  2. “…lude certain lease property or equipment from persons or entities who receive City assistance"; and Bill No. 100787, entitled "An ordinance amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Privilege Taxes,' by extending the 'Special Tax Credit Opportunity for Job Creation,' under certain terms and conditions," respectfully reports it has considered and amended the same and returns the attached bi…”

    Chief Clerk · Stated Meeting, December 9, 2010 · Dec 9, 2010 · official transcript, this passage

Status timeline

  1. Nov 18, 2010
    Introduced and Referred · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Goode that this matter be Introduced and Referred to the Committee on Commerce & Economic Development. The motion carried unanimously.

  2. Dec 8, 2010
    HEARING NOTICES SENT · Committee on Commerce & Economic Development
  3. Dec 8, 2010
    HEARING HELD · Committee on Commerce & Economic Development
  4. Dec 8, 2010
    AMENDED · Committee on Commerce & Economic Development
  5. Dec 8, 2010
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Commerce & Economic Development
  6. Dec 9, 2010
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    Recorded result: Pass

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

  7. Dec 9, 2010
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  8. Dec 9, 2010
    ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Dec 16, 2010
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

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

  10. Jan 5, 2011
    SIGNED · MAYOR

Official documents

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

Full text

Read the full text as published

..Title Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by extending the "Special Tax Credit Opportunity for Job Creation," under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-2600 of The Philadelphia Code is hereby amended to read as follows: CHAPTER 19-2600. BUSINESS PRIVILEGE TAXES. * * * § 19-2604. Tax Rates, Credits, and Alternative Tax Computation. * * * (7) Credit for New Job Creation. * * * (d) Tax Credits. (1) (i) Basic Maximum Amount. A business may claim a tax credit in an amount equal to two percent of the annual wages paid for each new job, or $1,000 per new job created (or $5,000 per new job created in the case of new employment opportunities for ex-offenders), whichever is higher, up to the maximum job creation amount specified in the commitment letter. The Department shall establish by regulation a methodology by which the annual wages paid by each new job are to be determined. (ii) Special Tax Credit Opportunity for Job Creation in 2010 and 2011. In connection with any application for a Job Creation Tax Credit filed after the effective date of this subparagraph, a business may claim a tax credit in the amount of $3,000 or the amount permitted under subparagraph (i), whichever is higher, for each new job created in 2010 or 2011, up to the maximum job creation amount specified in the commitment letter. (iii) Special Tax Credit Opportunity for Job Creation in 2012 and 2013. In connection with any application for a Job Creation Tax Credit filed after the effective date of this subparagraph, a business may claim a tax credit in the amount of $3,000 or the amount permitted under subparagraph (i), whichever is higher, for each new job created in 2012 or 2013, up to the maximum job creation amount specified in the commitment letter. * * * ______________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End 4 2