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CITY OF PHILADELPHIA BUSINESS PRIVILEGE TAX REGULATIONS - page 20 / 59

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TAX ON RECEIPTS

SECTION 301. DEFINITION OF RECEIPTS.

"Receipts." Cash, credits, property of any kind or nature, received from conducting any business or by reason of any sale made, including re-sales of goods, wares or merchandise taken by a dealer as a trade- in or as part payment for other goods, wares or merchandise or services rendered, or commercial or business transactions without deduction therefrom an account of the cost of property sold, materials used, labor, service or other cost, interest or discount paid or any other expense. For the purpose of determining receipts from the business of insurance, such receipts shall mean those from premiums received from risks within Philadelphia, whether by mutual or stock companies, domestic or foreign, without any deductions therefrom for any cost or expenses whatsoever; except, premiums shall not include return premiums, dividends paid or credited to policyholders, if such dividends are in the nature of an adjustment of the premiums charged, and premiums received for reinsurance. Receipts of a person engaged in the business of insurance shall also include receipts from rental real estate situated in Philadelphia but shall not include interest, dividend and capital gain receipts. Nothing in this definition shall preclude the taxation of other non-premium business receipts of persons engaged in the business of insurance.

SECTION 302. EXCLUSIONS FROM RECEIPTS.

The following receipts shall be excluded from “receipts" as defined in Section 19-2601 of the Philadelphia Code and shall be omitted from the tax base in computing the tax on gross receipts.

  • (1)

    Reimbursement of expenses, but only if the taxpayer actually incurred such expenses and did so as agent of another from whom he receives reimbursement in the exact amount he expended.

  • (2)

    Taxes collected as agent for the United States of America, Commonwealth of Pennsylvania, or City of Philadelphia, where the customer or ultimate consumer pays the tax. Such taxes shall include but not be limited to:

    • (a)

      Federal taxes on admissions and dues;

    • (b)

      Federal excise taxes on jewelry, furs and fur articles, toilet preparations and luggage;

    • (c)

      Federal tax on transportation of property;

    • (d)

      Federal tax on safe deposit boxes;

    • (e)

      Federal tax on gasoline;

    • (f)

      Pennsylvania Sales and Use Tax;

    • (g)

      Pennsylvania Liquid Fuels Tax;

    • (h)

      City of Philadelphia Amusement Tax;

    • (i)

      City of Philadelphia Hotel Room Rental Tax;

    • (j)

      City of Philadelphia Parking Tax.

18

(Rev. 08/01)

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