City of Philadelphia - File #: 120651-A

• File #: 120651-A
• Version: 3
• Type: Bill
• Status: WITHDRAWN
• File created: 9/13/2012
• In control: Committee of the Whole
• Title: Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by reducing the amount of real estate taxes to be exempted for certain improvements to, or construction of, certain residential, commercial, industrial or other business properties; and by reducing the duration of such exemptions; all under certain terms and conditions.
• Sponsors: Councilmember Goode, Councilmember Goode
• Indexes: REAL ESTATE TAX
• Code sections: 19-1300 - Real Estate Taxes

Date	Ver.	Action By	Action	Result	Tally
9/19/2013	3	CITY COUNCIL	MOTION	Pass
9/19/2013	3	CITY COUNCIL	MOTION	Pass
9/19/2013	3	CITY COUNCIL	WITHDRAWN
9/19/2013	3	CITY COUNCIL	WITHDRAWN
9/12/2013	3	CITY COUNCIL	READ
9/12/2013	3	CITY COUNCIL	READ
9/12/2013	3	CITY COUNCIL	MOTION	Pass
9/12/2013	3	CITY COUNCIL	MOTION	Pass
9/12/2013	3	CITY COUNCIL	TABLED	Pass	15:1
9/12/2013	3	CITY COUNCIL	TABLED	Pass	15:1
6/20/2013	2	CITY COUNCIL	READ
6/20/2013	3	CITY COUNCIL	ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.
6/20/2013	3	CITY COUNCIL	ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.
6/20/2013	3	CITY COUNCIL	AMENDED
6/20/2013	3	CITY COUNCIL	AMENDED
6/13/2013	2	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/13/2013	2	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/13/2013	2	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
6/12/2013	1	Committee of the Whole	HEARING NOTICES SENT
6/12/2013	1	Committee of the Whole	HEARING HELD
6/12/2013	1	Committee of the Whole	AMENDED
6/12/2013	2	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/5/2013	1	Committee of the Whole	HEARING NOTICES SENT
6/5/2013	1	Committee of the Whole	RECESSED
5/29/2013	0	Committee of the Whole	HEARING HELD
5/29/2013	0	Committee of the Whole	AMENDED
5/29/2013	1	Committee of the Whole	RECESSED
5/29/2013	0	Committee of the Whole	HEARING NOTICES SENT
5/28/2013	0	Committee of the Whole	RECESSED
5/28/2013	0	Committee of the Whole	HEARING NOTICES SENT
5/22/2013	0	Committee of the Whole	RECESSED
5/20/2013	0	Committee of the Whole	RECESSED
5/15/2013	0	Committee of the Whole	RECESSED
5/8/2013	0	Committee of the Whole	HEARING HELD
5/8/2013	0	Committee of the Whole	RECESSED
5/1/2013	0	Committee of the Whole	HEARING HELD
5/1/2013	0	Committee of the Whole	RECESSED
4/30/2013	0	Committee of the Whole	HEARING HELD
4/30/2013	0	Committee of the Whole	RECESSED
4/29/2013	0	Committee of the Whole	HEARING NOTICES SENT
4/29/2013	0	Committee of the Whole	HEARING HELD
4/29/2013	0	Committee of the Whole	RECESSED
4/29/2013	0	Committee of the Whole	HEARING HELD
4/29/2013	0	Committee of the Whole	RECESSED
4/24/2013	0	Committee of the Whole	HEARING HELD
4/24/2013	0	Committee of the Whole	RECESSED
4/23/2013	0	Committee of the Whole	HEARING NOTICES SENT
9/13/2012	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by reducing the amount of real estate taxes to be exempted for certain improvements to, or construction of, certain residential, commercial, industrial or other business properties; and by reducing the duration of such exemptions; 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

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§19-1303(2). Authorization to Offer Exemption from Real Estate Taxes on Improvements to Residential Properties.

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D. Exemption Amount.

(1) The exemption from real estate taxes shall be limited to that portion of the additional assessment attributable to the actual cost of improvements to eligible property. For a dwelling unit, the total amount of the additional assessment that may be exempted from real estate taxes shall not exceed $500,000.

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E. Exemption Schedule.

(1) The assessable amount of the improvement costs shall be exempted from real estate taxes for ten (10) years, as follows: one hundred percent (100%) of the assessable amount of the improvement costs shall be exempted in the first, second, third, fourth, and fifth years; eighty percent (80%) in the sixth year; sixty percent (60%) in the seventh year; forty percent (40%) in the eighth year; twenty percent (20%) in the ninth year; and ten percent (10%) in the tenth year. The exemption shall commence for the first year for which improvements would otherwise be taxable. After the tenth year, the exemption shall terminate.

* * *

§19-1303(4). Authorization to Offer Exemption from Real Estate Taxes on New Construction of Residential Properties.

* * *
D. Exemption Amount.

(1) The exemption from real estate taxes shall be limited to that portion of the assessment valuation attributable to the cost of c...