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File #: 020601    Version: 0 Name:
Type: Bill Status: LAPSED
File created: 10/3/2002 In control: Committee on Finance
On agenda: Final action: 3/13/2003
Title: Amending Chapter 19-1800 of The Philadelphia Code, entitled "School Tax Authorization," by adding a new Section 19-1801.1 providing for a cap on tax increases, under certain terms and conditions.
Sponsors: Councilmember O'Neill, Councilmember Mariano, Councilmember Krajewski, Councilmember Blackwell, Councilmember Miller, Councilmember Clarke, Councilmember Tasco
Indexes: SCHOOL TAX AUTHORIZATION
Code sections: 19-1800 - School Tax Authorization, 19-1801 - Authorization of Tax
Attachments: 1. Bill No. 02060100.pdf
Title
Amending Chapter 19-1800 of The Philadelphia Code, entitled "School Tax Authorization," by adding a new Section 19-1801.1 providing for a cap on tax increases, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
 
SECTION 1.      Chapter 19-1800 of The Philadelphia Code is amended to read as follows:
 
CHAPTER 19-1800.  SCHOOL TAX AUTHORIZATION.
 
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ยง19-1801.1.  Cap on Tax Increases.
 
      (1)      Notwithstanding the tax rate set forth in Section 19-1801 or any other law to the contrary, the tax levied on any real property shall not be greater than 104% of the prior year's tax levy; provided that the property is owned by the same person who owned the property at the time of the prior year's tax levy.
 
      (2)      The provisions of subsection (1) shall apply to any tax levied by the Board of Education, regardless whether authorized by ordinance of City Council.
 
      SECTION 2.      This Ordinance shall be effective upon enactment of authorizing legislation by the General Assembly.
 
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Explanation:
 
Italics indicate new matter added.
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