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File #: 180139    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 2/22/2018 In control: Committee on Finance
On agenda: Final action: 4/5/2018
Title: Amending Section 19-1806 of The Philadelphia Code, entitled "Authorization of Realty Use and Occupancy Tax," to revise the timing of the determination of assessed value, under certain terms and conditions.
Sponsors: Councilmember Domb, Councilmember Henon, Councilmember Oh, Councilmember Gym, Councilmember Green, Councilmember Squilla, Councilmember Taubenberger, Councilmember Johnson, Councilmember O'Neill
Indexes: REALTY USE AND OCCUPANCY TAX
Code sections: 19-1806 - Authorization of Realty Use and Occupancy Tax
Attachments: 1. CertifiedCopy18013900.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
2/22/20180 CITY COUNCIL Introduced and ReferredPass  Action details Not available

Title

Amending Section 19-1806 of The Philadelphia Code, entitled “Authorization of Realty Use and Occupancy Tax,” to revise the timing of the determination of assessed value, under certain terms and conditions.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

SECTION 1.  Section 19-1806 of The Philadelphia Code is hereby amended to read as follows:

 

§ 19-1806.  Authorization of Realty Use and Occupancy Tax.

 

                     *     *     *

 

                     (4)                     Rate and Computation of Tax.

 

                                          *     *     *

 

                                          (c)                     Computation for Tax Years beginning on or after July 1, 2013.  The tax to be paid by the user or occupier, for the tax year beginning July 1, 2013, and for all tax years thereafter, shall be computed as follows:

 

                                                               *     *     *

 

                                                               (.4)                     For purposes of this subsection (c):

 

                                                                                    (A)                     Assessed Value shall mean the assessed value of the real estate as most recently returned by the Office of Property Assessment prior to the start of the Tax [year.] year; provided that, for tax years beginning July 1, 2019, and thereafter, Assessed Value shall mean:

 

                                                                                                         (i) For use and occupancy from July 1 of the Tax year until December 31 of the Tax year:  the assessed value of the real estate applicable to real estate taxes due during such calendar year.

 

                                                                                                         (ii) For use and occupancy from January 1 of the Tax year until June 30 of the Tax year:  the assessed value of the real estate applicable to real estate taxes due during such calendar year.

 

                                                                                    *     *     *

 

 

___________________________________

Explanation:

 

[Brackets] indicate matter deleted.

Italics indicate new matter added.

 

End