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BillENACTED

Bill 140411

Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Tax," by clarifying the timing of payments relating to the Credit for Contributions to Community Development Corporations, Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives and Nonprofit Intermediaries, under certain terms and conditions.

Introduced May 8, 2014Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember Quiñones Sánchez

From the floor

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

  1. “…the supplying of funds in connection therewith) subject to certain constraints and conditions"; and Bill No. 140411, entitled "An Chapter 19-2600 of The Philadelphia Code, entitled 'Business Income and Receipts Tax,' by clarifying the timing of payments relating to the Credit for Contributions to Community Development Corporations, Non-Profit Organizations Engaged in Developing and Implementing Healthy Food Initiativ…”

    Chief Clerk · Stated Meeting, June 12, 2014 · Jun 12, 2014 · official transcript, this passage

  2. “…ital Budget providing for expenditures for the capital purposes of the Philadelphia Gas Works"; and Bill No. 140411, entitled "An ordinance amending Chapter 19-2600 of The Philadelphia Code, entitled 'Business Income and Receipts Tax,' by clarifying the timing of payments relating to the credit for contributions to community development corporations, nonprofit organizations engaged in developing and implementing heal…”

    Chief Clerk · Stated Meeting, June 5, 2014 · Jun 5, 2014 · official transcript, this passage

Status timeline

  1. May 8, 2014
    Introduced and Referred · CITY COUNCIL

    Recorded result: Pass

    A motion was made by Councilmember Quiñones Sánchez that this matter be Introduced and Referred to the Committee on Finance. The motion carried unanimously.

  2. May 22, 2014
    HEARING NOTICES SENT · Committee on Finance
  3. May 22, 2014
    HEARING HELD · Committee on Finance
  4. May 22, 2014
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
  5. Jun 5, 2014
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  6. Jun 5, 2014
    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.

  7. Jun 5, 2014
    ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  8. Jun 12, 2014
    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:

  9. Aug 5, 2014
    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 Income and Receipts Tax," by clarifying the timing of payments relating to the Credit for Contributions to Community Development Corporations, Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives and Nonprofit Intermediaries, 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 INCOME AND RECEIPTS TAX. * * * § 19-2604. Tax Rates, Credits, and Alternative Tax Computation. * * * (6) Credit for Contributions to Community Development Corporations, Nonprofit Organizations Engaged in Developing and Implementing Healthy Food Initiatives and Nonprofit Intermediaries. * * * (b) Subject to the provisions of subsection (6)(f), a business shall receive a tax credit of $85,000 per year against business income and receipts tax liability for each year the business contributes $85,000 in cash to a Qualifying Organization under the terms and conditions of this subsection (6). The contribution must be made in the year for which the credit is sought, unless the Department has agreed to an extension of not more than twelve months, which it shall do upon finding that (i) taxpayer's circumstances present good cause for delayed payment; and (ii) denial of the extension would cause hardship to the Qualifying Organization. SECTION 2. Effective date. This Ordinance shall take effect with respect to credits for tax year 2013 and thereafter. ..End