Amending Chapter 19-1500 of The Philadelphia Code, entitled "Wage and Net Profits Tax," and Chapter 19-2800, entitled "Pennsylvania Intergovernmental Cooperation Authority Tax on Wages and Net Profits," to expand eligibility for wage tax and net profits tax relief; to further reduce wage and net profits tax rates for low-income non-residents; and to provide for grants to low-income City residents in an amount equivalent to the PICA portion of wage and net profits taxes paid; all under certain terms and conditions.

Amending Chapter 19-1500 of The Philadelphia Code, entitled “Wage and Net Profits Tax,” and Chapter 19-2800, entitled “Pennsylvania Intergovernmental Cooperation Authority Tax on Wages and Net Profits,” to expand eligibility for wage tax and net profits tax relief; to further reduce wage and net profits tax rates for low-income non-residents; and to provide for grants to low-income City residents in an amount equivalent to the PICA portion of wage and net profits taxes paid; all under certain terms and conditions. THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Title 19 of The Philadelphia Code is hereby amended to read as follows: TITLE 19. FINANCE, TAXES AND COLLECTIONS * * * CHAPTER 19-1500. WAGE AND NET PROFITS TAX * * * § 19-1501. Definitions. * * * (4) Low Income Non-Residents. Non-Residents who are either: (a) in the class of individuals entitled to refund and/or forgiveness of taxes pursuant to State Low-Income Tax Provisions, including those who are eligible for the maximum refund and/or forgiveness available and those who are entitled to less than the maximum percentage [amount.] amount; or (b) in the class of individuals who would qualify for real estate tax relief under a program established under the Affordable Housing Tax Exemption Act, Act of July 11, 2022 P.L.703, No. 58, 72 P.S. § 4728.102, et seq. (i.e., an individual whose income does not exceed the maximum annual income allowable for an eligible claimant to participate in the Pharmaceuti…