Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Income and Receipts Taxes," by creating a tax credit to encourage certain merchants to utilize the services of Philadelphia-based performing artists, all under certain terms and conditions.

Amending Chapter 19-2600 of The Philadelphia Code, entitled “Business Income and Receipts Taxes,” by creating a tax credit to encourage certain merchants to utilize the services of Philadelphia-based performing artists, all under certain terms and conditions. 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 TAXES. * * * § 19-2604. Tax Rates, Credits, and Alternative Tax Computation. * * * (17) Philadelphia Performing Artist Tax Credit. (a) Definitions. (i) Qualifying Merchant. A Qualifying Merchant shall meet the following requirements for classification under the North American Industry Classification System ("NAICS") Codes Sections: Hotels (except Casino Hotels) and Motels (NAICS 721110); Casino Hotels (NAICS 721120); Full-Service Restaurants (NAICS 722511); and Limited-Service Restaurants (NAICS 7225130). (ii) Performing Artist. A practitioner that derives at least $5,000 in gross income or 15% of their total gross income during the previous tax year from the creation, performance, or teaching of work in the performing arts, including but not limited to: music, dance, or theater. (iii) Performing Arts Organization. A Performing Arts Organization shall meet the following requirements for classification under the North American Industry Classification System ("NAICS") Codes Sections: Musical Groups and Artists (NAICS 711130); and Inde…