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File #: 200372    Version: 0 Name:
Type: Bill Status: IN COMMITTEE
File created: 6/11/2020 In control: Committee on Finance
On agenda: Final action:
Title: Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by providing for the termination of real estate tax abatements for certain improvements to, or construction of, certain residential, commercial, industrial or other business properties; all under certain terms and conditions.
Sponsors: Councilmember Brooks, Councilmember Gym, Councilmember Gauthier
Attachments: 1. Bill No. 20037200.pdf

Title

Amending Chapter 19-1300 of The Philadelphia Code, entitled “Real Estate Taxes,” by providing for the termination of real estate tax abatements for certain improvements to, or construction of, certain residential, commercial, industrial or other business properties; all under certain terms and conditions.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

SECTION 1. Chapter 19-1300 of The Philadelphia Code is amended to read as follows:

 

CHAPTER 19-1300. REAL ESTATE TAXES

 

*  *  *

 

§19-1303(2).  Authorization  to  Offer  Exemption  from  Real  Estate  Taxes  on Improvements to Residential Properties.

 

*  *  *

 

  G.  The provisions of this Section 19-1303(2) shall terminate as of December 31, 2020, except insofar as they apply to exemptions applied for or received on or before that date. Any application for exemption received after December 31, 2020 shall be ineffective.

 

*  *  *

 

 §19-1303(3).  Authorization  to  Offer  Exemptions  from  Real  Estate  Taxes  on Improvements to Deteriorated Industrial, Commercial or Other Business Properties.   

 

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 E.  The provisions of this Section 19-1303(3) shall terminate as of December 31, 2020, except insofar as they apply to exemptions applied for or received on or before that date. Any application for exemption received after December 31, 2020 shall be ineffective.

 

*  *  *

 

§19-1303(4).  Authorization  to  Offer  Exemption  from  Real  Estate  Taxes  on  New Construction of Residential Properties.

 

*  *  *

 

 L.  The provisions of this Section 19-1303(4) shall terminate as of December 31, 2020, except insofar as they apply to exemptions applied for or received on or before that date. Any application for exemption received after December 31, 2020 shall be ineffective.

 

*  *  *

 

 

 

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Explanation:

 

Italics indicate new matter added.

 

End