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Transmitting a bill amending Title 19 of The Philadelphia Code ("Finance, Taxes and Collections"), by amending Chapter 19-1400 ("Realty Transfer Tax") to clarify that the definition of value in Section 19-1402(14)(b) includes a deed in lieu of foreclosure as well as the foreclosure of a mortgage by a judicial officer, accompanied by an explanatory letter from the Revenue Commissioner.

AI summary

This communication transmitted a proposed bill to amend Philadelphia’s realty transfer tax rules. The proposal would clarify that the definition of “value” includes both a deed in lieu of foreclosure and a mortgage foreclosure conducted by a judicial officer; it was accompanied by an explanatory letter from the Revenue Commissioner and placed on file.

File details

Status
PLACED ON FILE
Introduced
May 18, 2000
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Full text

Title

Transmitting a bill amending Title 19 of The Philadelphia Code ("Finance, Taxes and Collections"), by amending Chapter 19-1400 ("Realty Transfer Tax") to clarify that the definition of value in Section 19-1402(14)(b) includes a deed in lieu of foreclosure as well as the foreclosure of a mortgage by a judicial officer, accompanied by an explanatory letter from the Revenue Commissioner.

File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionCITY COUNCIL

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