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File #: 170016    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 1/26/2017 In control: Committee on Finance
On agenda: Final action: 5/11/2017
Title: Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," to include transfers between stepparents and stepchildren as a transaction excluded from the realty transfer tax.
Sponsors: Councilmember Parker
Indexes: REALTY TRANSFER TAX
Code sections: Title 19 - FINANCE, TAXES AND COLLECTIONS
Attachments: 1. CertifiedCopy17001600.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
5/17/20170 MAYOR SIGNED   Action details Not available
5/11/20170 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
5/4/20170 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
5/4/20170 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
5/4/20170 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
5/1/20170 Committee on Finance HEARING NOTICES SENT   Action details Not available
5/1/20170 Committee on Finance HEARING HELD   Action details Not available
5/1/20170 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
1/26/20170 CITY COUNCIL Introduced and ReferredPass  Action details Not available

Title

Amending Title 19 of The Philadelphia Code, entitled “Finance, Taxes and Collections,” to include transfers between stepparents and stepchildren as a transaction excluded from the realty transfer tax.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

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

 

TITLE 19.  FINANCES, TAXES AND COLLECTIONS.

 

*     *     *

 

CHAPTER 19-1400.  REALTY TRANSFER TAX.

 

*     *     *

 

§ 19-1405.  Excluded Transactions.

 

                     *     *     *

 

                     (6) A transfer between husband and wife, between persons who were previously husband and wife who have since been divorced, provided the property or interest therein subject to such transfer was acquired by the husband and wife or husband or wife prior to the granting of the final decree in divorce, between parent and child or the spouse of such child, between stepparent and stepchild or the spouse of a stepchild, between brother or sister or spouse of a brother or sister, between a grandparent and grandchild or the spouse of such grandchild and between any life partners, except that a subsequent transfer by the grantee within one year shall be subject to tax as if the grantor were making such transfer. The parties to any such a transfer shall jointly sign the Philadelphia Real Estate Transfer Tax Certification Affidavit as issued by the Revenue Department. For purposes of this paragraph, the term "life partner" shall mean a member of a Life Partnership that is verified pursuant to § 9-1123.

 

 

 

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Explanation:

 

Italics indicate new matter added.

 

End