Title
Amending Section 19-1806 of The Philadelphia Code, entitled “Authorization of Realty Use and Occupancy Tax,” to eliminate certain exemptions, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Title 19 of The Philadelphia Code is hereby amended to read as follows:
TITLE 19. FINANCE, TAXES AND COLLECTIONS
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CHAPTER 19-1800. SCHOOL TAX AUTHORIZATION
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§ 19-1806. Authorization of Realty Use and Occupancy Tax.
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(4) Rate and Computation of Tax.
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(c) Computation for Tax Years beginning on or after July 1, 2013. The tax to be paid by the user or occupier, for the tax year beginning July 1, 2013, and for all tax years thereafter, shall be computed as follows:
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(.4) For purposes of this subsection (c):
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(.b) The Exemption Amount shall be as follows:
[Tax Year Beginning]
Applicable Period Exemption Amount
July 1, 2013 $177,000 per property
July 1, 2014 $177,000 per property
July 1, 2015 [and thereafter]
to December 31, 2025 $165,300 per property
January 1, 2026 and thereafter $0 per property
Where there are multiple taxpayers using or occupying a property, the Exemption Amount shall be allocated equally among all such taxpayers, so that each taxpayer's Exemption Amount shall be the Exemption Amount per property divided by the number of taxpayers using or occupying the property. Every landlord shall provide to the tenants of a property the number of users or occupiers of the property.
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Explanation:
[Brackets] indicate matter deleted.
Italics indicate new matter added.
End