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File #: 030769    Version: Name:
Type: Bill Status: VETOED
File created: 11/20/2003 In control: Committee on Finance
On agenda: Final action: 12/18/2003
Title: Amending Section 19-1303(3) of The Philadelphia Code, entitled "Authorization to Offer Exemptions from Real Estate Taxes on Improvements to Deteriorated Industrial, Commercial or Other Business Properties," by extending the exemption period for certain existing grants of exemption, under certain terms and conditions.
Sponsors: Councilmember Kenney, Councilmember DiCicco, Councilmember Nutter
Indexes: REAL ESTATE TAX
Attachments: 1. Bill No. 03076901, As Amended.pdf
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
1/5/20041 MAYOR VETOED   Action details Meeting details Not available
12/18/20031 CITY COUNCIL READ   Action details Meeting details Not available
12/18/20031 CITY COUNCIL PASSEDPass10:5 Action details Meeting details Not available
12/11/20031 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Meeting details Not available
12/11/20031 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Meeting details Not available
12/11/20031 CITY COUNCIL ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR   Action details Meeting details Not available
12/8/20030 Committee on Finance HEARING NOTICES SENT   Action details Meeting details Not available
12/8/20030 Committee on Finance HEARING NOTICES SENT   Action details Meeting details Not available
12/8/20030 Committee on Finance HEARING HELD   Action details Meeting details Not available
12/8/20030 Committee on Finance HEARING HELD   Action details Meeting details Not available
12/8/20030 Committee on Finance AMENDED   Action details Meeting details Not available
12/8/20030 Committee on Finance AMENDED   Action details Meeting details Not available
12/8/20031 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Meeting details Not available
11/20/20030 CITY COUNCIL Referred   Action details Meeting details Not available
11/20/20030 CITY COUNCIL Referred   Action details Meeting details Not available
11/20/20030 CITY COUNCIL IntroducedPass  Action details Meeting details Not available
11/20/20030 CITY COUNCIL IntroducedPass  Action details Meeting details Not available
Title
Amending Section 19-1303(3) of The Philadelphia Code, entitled "Authorization to Offer Exemptions from Real Estate Taxes on Improvements to Deteriorated Industrial, Commercial or Other Business Properties," by extending the exemption period for certain existing grants of exemption, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
 
      SECTION 1.  Section 19-1303(3) of The Philadelphia Code is hereby amended to read as follows:
 
ยง19-1303(3).  Authorization to Offer Exemptions from Real Estate Taxes on Improvements to Deteriorated Industrial, Commercial or Other Business Properties.
 
                                    *      *      *
 
C.      In this section, the following definitions shall apply:
 
                                    *      *      *
 
      (4)      Qualified building.  A qualified building is any deteriorated property that is a hotel as defined in Philadelphia Code Section 19-2401(5).
 
D.      Exemptions.
 
                                    *      *      *
 
      (2)      Exemption schedule.
 
                                    *      *      *
 
            (c)      The Board of Revision of Taxes shall extend to eight (8) years the term of any three (3) year real estate tax exemption issued pursuant to this Section 19-1303(3) upon any improvements to a qualified building for which a certificate of occupancy was issued after October 27, 1999.  On or before July 1, 2008, Council shall consider whether the qualified buildings suffer sufficient economic distress to justify a further extension of the abatement for an additional two years.
 
 
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Explanation:
 
Italics indicate new matter added.
 
End
DSC:961422.4      - 1 -