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File #: 200012    Version: Name:
Type: Bill Status: IN MAYOR'S OFFICE
File created: 1/23/2020 In control: Committee of the Whole
On agenda: Final action: 6/23/2022
Title: Amending Section 19-1301.1 of The Philadelphia Code, entitled "Homestead Exclusion," to increase the amount of the homestead exclusion, under certain terms and conditions
Sponsors: Councilmember Johnson, Councilmember Gym, Councilmember Bass, Councilmember Quiñones Sánchez, Council President Clarke, Councilmember Jones, Councilmember Parker, Councilmember Domb, Councilmember Green, Councilmember Oh, Councilmember Henon, Councilmember Squilla, Councilmember O'Neill, Councilmember Brooks, Councilmember Gilmore Richardson
Indexes: HOMESTEAD EXEMPTION
Attachments: 1. CertifiedCopy20001201.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
6/27/20221 MAYOR SIGNED   Action details Not available
6/23/20220 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
6/16/20221 CITY COUNCIL SUSPEND THE RULES OF THE COUNCIL   Action details Not available
6/16/20221 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
6/16/20221 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
6/15/20220 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/15/20220 Committee of the Whole HEARING HELD   Action details Not available
6/15/20220 Committee of the Whole AMENDED   Action details Not available
6/15/20221 Committee of the Whole REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
6/14/20220 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/14/20220 Committee of the Whole RECESSED   Action details Not available
6/8/20220 Committee of the Whole HEARING NOTICES SENT   Action details Not available
6/8/20220 Committee of the Whole HEARING HELD   Action details Not available
6/8/20220 Committee of the Whole RECESSED   Action details Not available
6/1/20220 CITY COUNCIL Re-Referred   Action details Not available
1/23/20200 CITY COUNCIL Introduced and Referred   Action details Not available

Title

Amending Section 19-1301.1 of The Philadelphia Code, entitled “Homestead Exclusion,” to increase the amount of the homestead exclusion, under certain terms and conditions

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

SECTION 1.  Section 19-1301.1 of The Philadelphia Code is hereby amended to read as follows:

 

§ 19-1301.1. Homestead Exclusion.

 

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(2)                     Commencing in tax year 2014, through and including tax year 2018, a homestead  exclusion is hereby provided in the lesser amount of (A) thirty thousand dollars ($30,000) multiplied by the established predetermined ratio; or (B) fifty percent (50%) of the median assessed value of properties granted a homestead exemption, as certified by the OPA by no later than November 15 of the year prior to the tax year.

 

                     (2.1)                     For tax year 2019, a homestead exclusion is hereby provided in the amount of forty thousand dollars ($40,000).

 

                     (2.2)                    Commencing in tax year 2020, through and including tax year 2022, [and continuing thereafter,] a homestead exclusion is hereby provided in the amount of forty-five thousand dollars ($45,000).

 

                     (2.3)                     Commencing in tax year 2023, and continuing thereafter, a homestead exclusion is hereby provided in the amount of eighty thousand dollars ($80,000).

 

 

*                     *                     *

 

 

 

 

 

 

 

 

______________________________

Explanation:

[Brackets] indicate matter deleted.

Italics indicate new matter added.

 

End