PA HB1960

Philadelphia (as a city of the first class) must exempt businesses with $100,000 or less in gross annual receipts from the city's business income and receipts tax

Eligible businesses must be registered and operating within Philadelphia, comply with all federal, state, and local tax obligations, and provide documentation to substantiate revenue figures

Businesses receiving the exemption must submit annual reports to Philadelphia's Department of Revenue detailing gross receipts and exemption utilization

Applies to tax years beginning after December 31, 2025, and takes effect immediately upon enactment