City of Philadelphia - File #: 130854

• File #: 130854
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 11/14/2013
• In control: Committee on Finance
• Final action: 12/12/2013
• Title: Amending Chapter 19-3900 of The Philadelphia Code to extend the deadline to apply for tax exemptions as a longtime owner-occupants of certain properties in the City of Philadelphia.
• Sponsors: Council President Clarke, Council President Clarke, Councilmember Jones, Councilmember Jones
• Indexes: REALTY USE AND OCCUPANCY TAX
• Code sections: 19-3900 - Realty Use an Occupancy Tax

Date	Ver.	Action By	Action	Result	Tally
12/18/2013	0	MAYOR	SIGNED
12/18/2013	0	MAYOR	SIGNED
12/12/2013	0	CITY COUNCIL	PASSED	Pass	16:0
12/12/2013	0	CITY COUNCIL	PASSED	Pass	16:0
12/5/2013	0	Committee on Finance	HEARING NOTICES SENT
12/5/2013	0	Committee on Finance	HEARING NOTICES SENT
12/5/2013	0	Committee on Finance	HEARING HELD
12/5/2013	0	Committee on Finance	HEARING HELD
12/5/2013	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
12/5/2013	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
12/5/2013	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
12/5/2013	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
12/5/2013	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/5/2013	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/5/2013	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
12/5/2013	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
11/14/2013	0	CITY COUNCIL	Introduced and Referred	Pass
11/14/2013	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending Chapter 19-3900 of The Philadelphia Code to extend the deadline to apply for tax exemptions as a longtime owner-occupants of certain properties in the City of Philadelphia.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-3900 of The Philadelphia Code is hereby amended to read as follows:


CHAPTER 19-3900. TAX EXEMPTIONS FOR LONGTIME OWNER-OCCUPANTS OF RESIDENTIAL PROPERTIES.


***

§19-3905. Benefit Determinations.

(1) For purposes of calculating City and School District real estate taxes, upon application pursuant to subsection (2), below, if the certified market value of an eligible property for any tax year, minus any homestead exclusion, is more than three times the certified market value of such property for the immediately preceding tax year, then the certified market value of such property for such tax year shall be deemed to equal three times the certified market value of such property for the immediately preceding tax year, and no further homestead exclusion shall be allowed. The foregoing deemed certified market value shall remain the deemed certified market value until such property is sold, transferred or is no longer the principal residence of the eligible taxpayer, but in no event for more than ten years.

(2) The Department of Revenue shall include with the annual property tax bill sent to each taxpayer (a) a notice clearly describing the program authorized by this Chapter, the steps a taxpayer must take to enter into the program, and the deadline for doing so; and (b) an application form. The Department and the OPA shall post a downloadable version of the form on their respective websites.

(3) No later than [January 15] February 17 of each tax year, the owner of any property that meets the criteria set forth in Section 19-3903 and who wishes to participate in the program must apply to the OPA for certification as a participant in the program.

(4) The OPA shall promulgat...