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File #: 130854    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 11/14/2013 In control: Committee on Finance
On agenda: Final action: 12/12/2013
Title: Amending Chapter 19-3900 of The Philadelphia Code to extend the deadline to apply for tax exemptions as a longtime owner-occupants of certain properties in the City of Philadelphia.
Sponsors: Council President Clarke, Council President Clarke, Councilmember Jones, Councilmember Jones
Indexes: REALTY USE AND OCCUPANCY TAX
Code sections: 19-3900 - Realty Use an Occupancy Tax
Attachments: 1. CertifiedCopy13085400.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
12/18/20130 MAYOR SIGNED   Action details Not available
12/18/20130 MAYOR SIGNED   Action details Not available
12/12/20130 CITY COUNCIL PASSEDPass16:0 Action details Not available
12/12/20130 CITY COUNCIL PASSEDPass16:0 Action details Not available
12/5/20130 Committee on Finance HEARING NOTICES SENT   Action details Not available
12/5/20130 Committee on Finance HEARING NOTICES SENT   Action details Not available
12/5/20130 Committee on Finance HEARING HELD   Action details Not available
12/5/20130 Committee on Finance HEARING HELD   Action details Not available
12/5/20130 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
12/5/20130 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
12/5/20130 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
12/5/20130 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
12/5/20130 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
12/5/20130 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
12/5/20130 CITY COUNCIL ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR   Action details Not available
12/5/20130 CITY COUNCIL ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR   Action details Not available
11/14/20130 CITY COUNCIL Introduced and ReferredPass  Action details Not available
11/14/20130 CITY COUNCIL Introduced and ReferredPass  Action details Not available
Title
Amending Chapter 19-3900 of The Philadelphia Code to extend the deadline to apply for tax exemptions as a longtime owner-occupants of certain properties in the City of Philadelphia.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-3900 of The Philadelphia Code is hereby amended to read as follows:


CHAPTER 19-3900. TAX EXEMPTIONS FOR LONGTIME OWNER-OCCUPANTS OF RESIDENTIAL PROPERTIES.


***

ยง19-3905. Benefit Determinations.

(1) For purposes of calculating City and School District real estate taxes, upon application pursuant to subsection (2), below, if the certified market value of an eligible property for any tax year, minus any homestead exclusion, is more than three times the certified market value of such property for the immediately preceding tax year, then the certified market value of such property for such tax year shall be deemed to equal three times the certified market value of such property for the immediately preceding tax year, and no further homestead exclusion shall be allowed. The foregoing deemed certified market value shall remain the deemed certified market value until such property is sold, transferred or is no longer the principal residence of the eligible taxpayer, but in no event for more than ten years.

(2) The Department of Revenue shall include with the annual property tax bill sent to each taxpayer (a) a notice clearly describing the program authorized by this Chapter, the steps a taxpayer must take to enter into the program, and the deadline for doing so; and (b) an application form. The Department and the OPA shall post a downloadable version of the form on their respective websites.

(3) No later than [January 15] February 17 of each tax year, the owner of any property that meets the criteria set forth in Section 19-3903 and who wishes to participate in the program must apply to the OPA for certification as a participant in the program.

(4) The OPA shall promulgat...

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