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File #: 190319    Version: 0 Name:
Type: Bill Status: LAPSED
File created: 4/25/2019 In control: Committee of the Whole
On agenda: Final action:
Title: Amending Section 19-1801 of The Philadelphia Code, entitled "Authorization of Tax," to further authorize the Board of Education of the School District of Philadelphia to impose a tax on real estate within the City of Philadelphia; to specify tax rates for tax year 2020 and thereafter; by providing that each such tax year, the tax imposed by the Board of Education shall be at a rate set by Council by ordinance, which shall consist of a "revenue neutral" tax rate intended to produce approximately the same level of tax revenues as were generated during the prior tax year, and any specified adjustment to the revenue neutral rate as deemed necessary that tax year; and by making technical amendments; all under certain terms and conditions.
Sponsors: Councilmember O'Neill, Councilmember Domb, Councilmember Henon, Councilmember Taubenberger, Councilmember Bass, Councilmember Blackwell, Councilmember Johnson
Indexes: SCHOOL DISTRICT OF PHILADELPHIA, SCHOOL TAX AUTHORIZATION
Code sections: 19-1801 - Authorization of Tax
Attachments: 1. Bill No. 19031900.pdf
Title
Amending Section 19-1801 of The Philadelphia Code, entitled "Authorization of Tax," to further authorize the Board of Education of the School District of Philadelphia to impose a tax on real estate within the City of Philadelphia; to specify tax rates for tax year 2020 and thereafter; by providing that each such tax year, the tax imposed by the Board of Education shall be at a rate set by Council by ordinance, which shall consist of a "revenue neutral" tax rate intended to produce approximately the same level of tax revenues as were generated during the prior tax year, and any specified adjustment to the revenue neutral rate as deemed necessary that tax year; and by making technical amendments; all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-1800 of The Philadelphia Code is hereby amended to read as follows:

CHAPTER 19-1800. SCHOOL TAX AUTHORIZATION

? 19-1801. Authorization of Tax.

(1) The Board of Education of The School District of Philadelphia is authorized to impose an annual tax for school district purposes on real estate within the City of Philadelphia for the years 1964 through [2018] 2020 and thereafter.

* * *

(3) For tax year 2014 and thereafter:

(a.1) For tax years 2014 and 2015, the Tax Rate shall be 0.7382%, or seventy-three and eighty-two one hundredths cents ($0.7382) per one hundred dollars ($100).

(a.2) For tax year 2016 [and thereafter] through and including tax year 2019, the Tax Rate shall be 0.7681%, or seventy-six and eighty-one hundredths cents per one hundred dollars ($100) of Net Taxable Value.

(a.3) For tax year 2020 and thereafter, the Tax Rate shall be as set forth in subsection 19-1801(5).

(b) The tax imposed by the Board of Education shall be calculated, for all taxable real estate, by multiplying the Tax Rate by the Net Taxable Value of the property. Net Taxable Value shall be calculated by subtracting the amount of Homes...

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