Title
Amending Chapter 19-2400 of The Philadelphia Code, entitled "Hotel Room Rental Tax," by providing for an additional excise tax on hotel room rentals and designating the expenditures for which such tax will be used, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 19-2400 of The Philadelphia Code is amended to read as follows:
CHAPTER 19-2400. HOTEL ROOM RENTAL TAX.
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§19-2402.2. Imposition and Rate of Hospitality Promotion Tax.
(1) There is hereby imposed, in addition to the tax imposed by the preceding Sections 19-2402 and 19-2402.1 and notwithstanding any maximum rate of tax set forth therein, an excise tax of one and two-tenths percent (1.2%) on the consideration received by each operator of a hotel within the City from each transaction of renting a room or rooms to accommodate transients. The tax shall be collected by the operator from the patron of the room and paid over to the City pursuant to Sections 19-2403 and 19-2405 and shall be known as the Philadelphia Hospitality Promotion Tax.
§ 19-2403. Deposit and Distribution of Tax Revenues.
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(4) With respect to the revenues received pursuant to Section 19-2402.2, relating to Imposition and Rate of Hospitality Promotion Tax:
(a) Regional attractions marketing agency and Tourist promotion agency (collectively, the "Marketing and Tourism Agencies").
(.1) For revenues attributable to fiscal years 2009 through 2012: There shall be deposited in a special fund, established pursuant to subsection (1), for the use of the Marketing and Tourism Agencies, nineteen thirtieths (19/30) of all revenues received from taxes imposed pursuant to this Section.
(.2) For revenues attributable to fiscal years 2013 and thereafter:
(A) The "Base Amount" for a fiscal year shall equal nineteen thirtieths (19/30) of all revenues received from taxes imposed pursuant to this Section, attribu...
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