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File #: 250380    Version: 0 Name:
Type: Bill Status: IN COUNCIL
File created: 4/24/2025 In control: CITY COUNCIL
On agenda: Final action:
Title: Amending Section 19-1301.1 of The Philadelphia Code, entitled "Homestead Exclusion," to increase the amount of the homestead exclusion, under certain terms and conditions.
Sponsors: Council President Johnson, Councilmember O'Neill, Councilmember Ahmad, Councilmember Bass, Councilmember Brooks, Councilmember Driscoll, Councilmember Gauthier, Councilmember Gilmore Richardson, Councilmember Harrity, Councilmember Landau, Councilmember Lozada, Councilmember O'Rourke, Councilmember Phillips, Councilmember Squilla, Councilmember Young
Indexes: HOMESTEAD EXCLUSION
Code sections: 19-1301.1 - Homestead Exclusion
Attachments: 1. Bill No. 25038000

Title

Amending Section 19-1301.1 of The Philadelphia Code, entitled “Homestead Exclusion,” to increase the amount of the homestead exclusion, under certain terms and conditions.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

SECTION 1. Section 19-1301.1 of The Philadelphia Code is hereby amended to read as follows:

 

§ 19-1301.1. Homestead Exclusion.

 

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(2.4) [Commencing in] For tax year 2025, [and continuing thereafter,] a homestead exclusion is hereby provided in the amount of one hundred thousand dollars ($100,000).

 

(2.5) Commencing in tax year 2026, and continuing thereafter, a homestead

exclusion is hereby provided in the amount of one hundred and ten thousand dollars ($110,000).

 

* * *

 

 

Explanation:

 

[Brackets] indicate matter deleted.

Italics indicate new matter added.

End