City of Philadelphia - File #: 020647

• File #: 020647
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 10/24/2002
• In control: Committee on Finance
• Final action: 3/27/2003
• Title: Amending Section 19-1303(4) of The Philadelphia Code, entitled "Authorization to Offer Exemption from Real Estate Taxes on New Construction of Residential Properties," by extending the exemption period for certain existing grants of exemption, under certain terms and conditions.
• Sponsors: Councilmember Nutter, Councilmember O'Neill

Date	Ver.	Action By	Action	Result	Tally
4/10/2003	0	MAYOR	NO ACTION TAKEN
3/27/2003	0	CITY COUNCIL	READ
3/27/2003	0	CITY COUNCIL	PASSED	Pass	16:0
3/20/2003	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
3/20/2003	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
3/20/2003	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
3/19/2003	0	Committee on Finance	HEARING NOTICES SENT
3/19/2003	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
3/19/2003	0	Committee on Finance	HEARING HELD
10/24/2002	0	CITY COUNCIL	Introduced	Pass
10/24/2002	0	CITY COUNCIL	Referred

Title

Amending Section 19-1303(4) of The Philadelphia Code, entitled “Authorization to Offer Exemption from Real Estate Taxes on New Construction of Residential 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(4) of The Philadelphia Code is hereby amended to read as follows:

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

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1. Authorization of Exemptions.

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(2)      The Board of Revision of Taxes shall extend to ten (10) years the term of any three (3) year real estate tax exemption issued pursuant to this Section 19-1303(4) upon any new residential construction for which a certificate of occupancy was issued after October 27, 1999.

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____________________________

Explanation:

Italics indicate new matter added.

End