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CITY OF PHILADELPHIA BUSINESS PRIVILEGE TAX REGULATIONS - page 24 / 59

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  • (18)

    In the case of an insurance business:

    • (a)

      Premiums received from risks outside Philadelphia;

    • (b)

      Premiums received from risks inside Philadelphia to the extent they consist of 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 from reinsurance.

    • (c)

      Receipts derived from rental real estate situated outside Philadelphia.

    • (d)

      Capital gains.

    • (e)

      Dividends and interest.

  • (19)

    Receipts from the business of loading or discharging cargo to or from vessels when conducted on piers, wharves or marine terminal facilities in the Port of Philadelphia and from related business activities conducted an such premises such as furnishing dockage, wharfage, truck and/or railroad car loading and unloading, and storage of cargo which is to be loaded onto or has been discharged from vessels at a pier, wharf or marine terminal facility in the Port of Philadelphia.

  • (20)

    Receipts or the portion of receipts, attributable to a bonafide delivery of fiber, yarn, fabric or materials that have been dyed by a chemical mechanical process, to a location regularly maintained by the other party to the transaction outside the limits of the City of Philadelphia and not for the purpose of evading or avoiding payment of the tax or any portion thereof.

  • (21)

    Distributive share of net income received by a partner from a partnership where the receiving partner’s ownership of capital at the end of the year is at least twenty-percent (20%) as reported on Schedule K-1 of Federal Form 1065, of the distributing partnership.

SECTION 303. RECEIPTS FROM RENTAL OR LICENSE OF TANGIBLE PERSONAL PROPERTY.

Persons doing business in the City of Philadelphia who own, lease or license tangible personal property which is leased or licensed to others are required to report the gross receipts from the rental or license to use such property according to the following rules:

  • (1)

    Where the original situs of the property is within the limits of the City of Philadelphia, the receipts from tangible personal property leased or licensed to others are:

    • (a)

      Wholly taxable receipts, if the property is delivered to lessees or licensees within the

Commonwealth of Pennsylvania;

    • (b)

      Excludable receipts, if the property is delivered to lessees outside of Pennsylvania.

  • (2)

    Where the original situs of the property is outside Philadelphia, the receipts from tangible personal property leased or licensed to others are:

    • (a)

      Wholly taxable receipts if the property is delivered to a lessee within Philadelphia.

    • (b)

      Excludable receipts, if the property is delivered to lessees outside Philadelphia.

  • (3)

    The term "original situs," as used herein, means the point at which the property is warehoused when not leased to others and to which point the property is returned upon termination of the

22

(Rev. 08/01)

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