Legislation to cut wage and net profit taxes on Philadelphia residents by $100 million over 10 years.
Amending Title 19 of The Philadelphia Code, entitled “Finance, Taxes and Collections,” to provide for tax rate reductions of the Wage and Earnings Tax for Philadelphia Residents and the Tax on Net Profits Earned in Businesses, Professions or Other Activities for Philadelphia Residents.
Sponsors: Councilmember Oh
19-1502. Imposition of Tax.
(1) Tax On Salaries, Wages, Commissions And Other Compensation.
(a) Residents. An annual tax on salaries, wages, commissions and other
compensation earned by residents of Philadelphia is imposed for general revenue
purposes for the following periods at the following rates:
January 1, 1950 through December 31, 1956 1.25%
January 1, 1957 through December 31, 1960 1.50%
January 1, 1961 through December 31, 1965 1.625%
January 1, 1966 through June 30, 1968 2.00%
July 1, 1969 through June 30, 1971 3.00%
July 1, 1971 through June 30, 1976 3.3125%
July 1, 1976 through June 30, 1983 4.3125%
July 1, 1983 through June 30, 1991 4.96%
July 1, 1991 through December 31, 1995 3.46%
January 1, 1996 through June 30, 1996 3.36%
July 1, 1996 through June 30, 1997 3.34%
July 1, 1997 through June 30, 1998 3.29%
July 1, 1998 through June 30, 1999 3.1869%
July 1, 1999 through June 30, 2000 3.1135%
July 1, 2000 through June 30, 2001 3.0635%
July 1, 2001 through June 30, 2002 3.0385%
July 1, 2002 through June 30, 2003 3.00%
July 1, 2003 through December 31, 2004 2.9625%
January 1, 2005 through December 31, 2005 2.831%
January 1, 2006 through December 31, 2006 2.801%
January 1, 2007 through December 31, 2007 2.76%
January 1, 2008 through June 30, 2008 2.719%
July 1, 2008 through December 31, 2008 2.48%
January 1, 2009 through June 30, 2009 2.43%
July 1, 2009 through June 30, 2010 2.4296%
July 1, 2010 through June 30, 2013 2.4280%
July 1, 2013 through June 30, 2014 2.424%
July 1, 2014 through June 30, 2015 2.42%
July 1,2015 [and thereafter] through June 30, 2017 2.4102%
July 1, 2017 through June 30, 2018 2.3726%
July 1, 2018 through June 30, 2019 2.3350%
July 1, 2019 through June 30, 2020 2.2975%
July 1, 2020 through June 30, 2021 2.2599%
July 1, 2021 through June 30, 2022 2.2223%
July 1, 2022 through June 30, 2023 2.1847%
July 1, 2023 through June 30, 2024 2.1472%
July 1, 2024 through June 30, 2025 2.1096%
July 1, 2025 through June 30, 2026 2.0720%
July 1, 2026 and thereafter 2.0344%