Source: https://phila.legistar.com/LegislationDetail.aspx?ID=4147915&GUID=EDB797D1-4050-4FCF-95A2-65EB2923FEB7&Options=ID%7CText%7C&Search=tax&FullText=1
Timestamp: 2020-04-04 07:03:33
Document Index: 279078945

Matched Legal Cases: ['§ 19', '§ 19', '§ 19', '§ 19', '§ 19', '§ 19', '§ 19']

City of Philadelphia - File #: 190746
File #: 190746 Version: 0 Name:
Type: Bill Status: POCKET VETOED
File created: 9/26/2019 In control: Committee on Finance
Title: 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.
Sponsors: Councilmember Domb, Councilmember Quiñones Sánchez, Councilmember Blackwell
Indexes: REFUNDS AND FORGIVENESS FOR POVERTY INCOME
Code sections: 19-1508 - Refunds and Forgiveness For Poverty Income
Attachments: 1. Bill No. 19074600.pdf
12/31/2019 0 MAYOR NO ACTION TAKEN - POCKET VETO Action details Not available
11/13/2019 0 Committee on Finance Not available Not available
9/26/2019 0 CITY COUNCIL Not available Not available
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.
SECTION 1. Section 19-1508 of The Philadelphia Code is hereby amended to read as follows:
§ 19-1508. Refunds and Forgiveness for Poverty Income.
(1) Low Income Residents.
(a) Beginning with the calendar year January 1, 2015 through December 31, 2015, and for each calendar year [thereafter,] through December 31, 2019, the rate of tax imposed on Low Income Residents under § 19-1502(1)(a) and (2)(a) shall be one half of one percent (0.5%) less than the rate of tax imposed upon Residents during such periods.
(b) Beginning January 1, 2020, the rate of tax imposed on Low Income Residents under § 19-1502(1)(a) (tax on salaries, wages, etc.) shall be as follows:
(.1) From January 1, 2020, through June 30, 2020: 1.8712%.
(.2) For the fiscal year July 1, 2020, through June 30, 2021, and thereafter: zero.
(c) Beginning January 1, 2020, the rate of tax imposed on Low Income Residents under § 19-1502(2)(a) (tax on net profits) shall be as follows:
(.1) For the calendar year January 1, 2020, through December 31, 2020, and thereafter: zero.
(2) Low Income Non-Residents.
(a) Beginning with the calendar year January 1, 2015 through December 31, 2015, and for each calendar year [thereafter,] through December 31, 2019, the rate of tax imposed on Low Income Non-Residents under § 19-1502(1)(b) and (2)(b) shall be one half of one percent (0.5%) less than the rate of tax imposed upon Non-Residents during such periods.
(b) Beginning January 1, 2020, the rate of tax imposed on Low Income Non-Residents under § 19-1502(1)(b) (tax on salaries, wages, etc.) shall be as follows:
(.1) From January 1, 2020, through June 30, 2020: 2.9481%.
(.2) For the fiscal year July 1, 2020, through June 30, 2021, and thereafter: 1.50%; provided that, this rate shall be reduced to zero when the tax imposed pursuant to Chapter 19-2800 (“Pennsylvania Intergovernmental Cooperation Authority Tax on Wages and Net Profits”) expires.
(c) Beginning January 1, 2020, the rate of tax imposed on Low Income Non-Residents under § 19-1502(2)(b) (tax on net profits) shall be as follows:
(.1) For the calendar year January 1, 2020, through December 31, 2020, and thereafter: 1.50%; provided that, this rate shall be reduced to zero when the tax imposed pursuant to Chapter 19-2800 (“Pennsylvania Intergovernmental Cooperation Authority Tax on Wages and Net Profits”) expires.