Title
Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by amending the eligibility requirements for real estate tax exemptions for certain improvements to, or construction of, residential, commercial or other business properties to require that said improvements or construction meet or exceed the high-performance building criteria as delineated in the Leadership in Environmental and Energy Design (LEED) Rating System, 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 amended to read as follows:
CHAPTER 19-1300. REAL ESTATE TAXES.
***
§19-1303(1). Exemptions from Real Estate Taxes: General Provisions.
A. In Sections 19-1303(1) through 19-1303(5), all relating to exemption from real estate taxes, the following definitions shall apply:
(1) LEED Rating System. Leadership in Energy and Environmental Design ("LEED") is a suite of rating systems established through a national consensus-based approach by the U.S. Green Building Council, a non-profit organization, to define high performance building practices. LEED rating systems provide criteria to assess building performance in particular categories, such as energy and water efficiency, sustainable site choice, resource usage and indoor environmental quality. Buildings which satisfy the LEED criteria may achieve certification at the Certified, Silver, Gold or Platinum level from the U.S. Green Building Council.
B. The Board of Revision of Taxes may promulgate regulations for the implementation and interpretation of the provisions of Sections 19-1303(1) through 19-1303(5).
§19-1303(2). Authorization to Offer Exemption from Real Estate Taxes on Improvements to Residential Properties.
***
C. Definitions
(1) In this Section, the following definitions shall apply:
***
(c) Improvement shall be any repairs, ...
Click here for full text