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File #: 180096    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 2/15/2018 In control: Committee on Finance
On agenda: Final action: 4/5/2018
Title: Amending Chapter 19-1400 of The Philadelphia Code, entitled "Realty Transfer Tax," by excluding from the tax a transfer of property between the Philadelphia Housing Authority (PHA) and a Pennsylvania Limited Partnership (PLP) whose General Partner PHA owns and controls; and a transfer of property from PHA or a PHA-controlled PLP to a wholly owned subsidiary of PHA; all under certain terms and conditions.
Sponsors: Councilmember Blackwell
Indexes: REALTY TRANSFER TAX
Code sections: 19-1400 - Realty Transfer Tax
Attachments: 1. CertifiedCopy18009600.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
4/18/20180 MAYOR SIGNED   Action details Not available
4/5/20180 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
3/22/20180 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
3/22/20180 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
3/22/20180 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
3/19/20180 Committee on Finance HEARING NOTICES SENT   Action details Not available
3/19/20180 Committee on Finance HEARING HELD   Action details Not available
3/19/20180 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
2/15/20180 CITY COUNCIL Introduced and ReferredPass  Action details Not available

Title

Amending Chapter 19-1400 of The Philadelphia Code, entitled “Realty Transfer Tax,” by excluding from the tax a transfer of property between the Philadelphia Housing Authority (PHA) and a Pennsylvania Limited Partnership (PLP) whose General Partner PHA owns and controls; and a transfer of property from PHA or a PHA-controlled PLP to a wholly owned subsidiary of PHA; all under certain terms and conditions.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:                     

 

                     SECTION 1. Chapter 19-1400 of The Philadelphia Code is hereby amended to read as follows:

 

CHAPTER 19-1400. REALTY TRANSFER TAX.

 

*                     *                     *

 

§19-1405.  Excluded Transactions.

 

                     The tax imposed by Section 19-1403 shall not be imposed upon:

 

*                     *                     *

 

                     (29)                     A transfer between the Philadelphia Housing Authority (PHA) and a Pennsylvania Limited Partnership (PLP) whose General Partner PHA owns and controls (PLP), including both (a) a transfer from PHA to the PLP and (b) any subsequent transfer from the PLP to PHA; and a transfer from PHA or a PLP controlled by PHA to a wholly owned subsidiary of PHA.

 

*                     *                     *

______________________

Explanation:

 

Italics indicate new matter added.

 

End