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File #: 200653    Version: Name:
Type: Bill Status: ENACTED
File created: 11/19/2020 In control: Committee of the Whole
On agenda: Final action: 12/10/2020
Title: Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by modifying the amount of certain tax abatements, all under certain terms and conditions.
Sponsors: Council President Clarke, Councilmember Parker
Code sections: 19-1300 - Real Estate Taxes
Attachments: 1. CertifiedCopy20065301.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
1/27/20211 MAYOR SIGNED   Action details Not available
12/10/20201 CITY COUNCIL     Not available Not available
12/3/20201 CITY COUNCIL SUSPEND THE RULES OF THE COUNCIL   Action details Not available
12/3/20201 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
12/3/20201 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
12/1/20200 Committee of the Whole     Not available Not available
12/1/20200 Committee of the Whole     Not available Not available
12/1/20200 Committee of the Whole     Not available Not available
12/1/20201 Committee of the Whole     Not available Not available
11/19/20200 CITY COUNCIL Introduced and Referred   Action details Not available

Title

Amending Chapter 19-1300 of The Philadelphia Code, entitled “Real Estate Taxes,” by modifying the amount of certain tax abatements, 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 hereby amended as follows:

 

CHAPTER 19-1300. REAL ESTATE TAXES

 

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§ 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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      (b)   Exemption schedule.

 

         (.1) With respect to applications for exemption initially applied for on or before December 31, 2021, the [The] assessable amount of the improvement costs shall be exempted from real estate taxes for ten (10) years. With respect to applications for exemption initially applied for after December 31, 2021, ninety percent (90%) of the assessable amount of the improvement costs shall be exempted from real estate taxes for ten years. The exemption shall commence in the tax year immediately following the year in which the initial certificate of occupancy for the property is issued. After the tenth year, the exemption shall terminate. 

 

         (.2)   The exemption from taxes granted under this ordinance shall be upon the property and shall not terminate upon the sale or exchange of the property.

 

*                     *                     *

 

 

 

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Explanation:

 

[Brackets] indicate matter deleted.

Italics indicate new matter added.

 

End