Title
Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," and Chapter 19-1500, entitled "Wage and Net Profits Tax," by providing for tax credits for volunteer community service; and adding a new Chapter 19-4600, providing for eligibility criteria; all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 19-1300 of The Philadelphia Code is hereby amended as follows:
CHAPTER 19-1300. REAL ESTATE TAXES.
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? 19-1310. Tax Credit for Volunteer Community Service
(1) A credit against real estate tax liability shall be available for owner-occupied residential property upon the performance by the owner-occupant of eligible volunteer community service during the calendar year prior to the tax becoming due.
(2) Eligibility criteria for the credit are set forth at Chapter 19-4600 ("Tax Credits for Volunteer Community Service").
(3) The credit shall not be available for any tax year in which the property is not current with respect to City real estate tax liability and not subject to and in compliance with a payment plan; and shall not carry over to subsequent years.
(4) Amount of credit. The credit shall be calculated by multiplying the number of certified hours of volunteer service during the calendar year by five (5) dollars. The maximum credit that shall be available with respect to any property shall be the lesser of one thousand dollars ($1,000) or the annual City real estate tax liability for the property.
SECTION 2. Chapter 19-1500 of The Philadelphia Code is hereby amended as follows:
CHAPTER 19-1500. WAGE AND NET PROFITS TAX
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? 19-1510. Tax Credit for Volunteer Community Service
(1) A credit against wage and net profits tax liability shall be available upon the performance by the taxpayer of eligible volunteer community service during the calendar year prior to the tax becoming due.
(2) Eligibility criteria for th...
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