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File #: 170205    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 3/2/2017 In control: Committee on Finance
On agenda: Final action: 5/11/2017
Title: Amending Section 10-1000 of The Philadelphia Code, entitled "Fees," to exempt the Land Bank from paying City recording fees in connection with property it acquires; amending Chapter 16-700, entitled "Philadelphia Land Bank," to provide for the leasing out of Land Bank property; and amending Chapter 19-1400, entitled "Realty Transfer Tax," to exempt the Land Bank, and certain transactions involving the Land Bank, from payment of realty transfer tax; all under certain terms and conditions.
Sponsors: Councilmember Quiñones Sánchez
Indexes: FEES, PHILADELPHIA LAND BANK, REALTY TRANSFER TAX
Code sections: 10-1000 - Fees, 16-700 - PHILADELPHIA LAND BANK, 19-1400 - Realty Transfer Tax
Attachments: 1. CertifiedCopy17020500.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
3/2/20170 CITY COUNCIL Introduced and ReferredPass  Action details Not available
Title
Amending Section 10-1000 of The Philadelphia Code, entitled "Fees," to exempt the Land Bank from paying City recording fees in connection with property it acquires; amending Chapter 16-700, entitled "Philadelphia Land Bank," to provide for the leasing out of Land Bank property; and amending Chapter 19-1400, entitled "Realty Transfer Tax," to exempt the Land Bank, and certain transactions involving the Land Bank, from payment of realty transfer tax; all under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 10-1000 of The Philadelphia Code is amended to read as follows:

CHAPTER 10-1000. FEES.

§ 10-1001. Fees of Commissioner of Records.

* * *

(3) The Philadelphia Land Bank shall be exempt from the payment of fees under this Section in connection with its acquisition of property.

* * *

SECTION 2. Chapter 16-700 of The Philadelphia Code is amended to read as follows:

CHAPTER 16-700. PHILADELPHIA LAND BANK.

* * *

§ 16-707. Disposition of Property.

* * *

(6) Notwithstanding the provisions of subsection (1) above pertaining to approvals by Council and the Vacant Property Review Committee, the Land Bank is authorized, without further approvals, to lease out any property owned by the Land Bank for a lease term of one year or less. The Land Bank shall comply with subsections (1)(a), (1)(b) and the public notice and opportunity to comment provisions of (1)(c) in connection with such a lease.

* * *

SECTION 3. Chapter 19-1400 of The Philadelphia Code is amended to read as follows:

CHAPTER 19-1400. REALTY TRANSFER TAX.

* * *

§ 19-1404. Exempt Parties.

The United States, the Commonwealth, or any of their instrumentalities, agencies or political subdivisions and the Philadelphia Land Bank shall be exempt from payment of the tax imposed by this article. The exemption of such governmental bodies shall not, however, relieve any other party...

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