Amending Chapter 19-1200 of The Philadelphia Code, entitled "Parking Tax," by establishing a rate of taxation on parking transactions for Fiscal Year 2006 and thereafter and making such rate contingent on certain decreases in business privilege tax rates.

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-1200 of The Philadelphia Code is amended to read as follows:

CHAPTER 19-1200. PARKING TAX.

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§19-1202. Imposition and Rate of Tax.

(1) * * *

(b) There is hereby imposed upon every person parking or storing a motor vehicle in or on any parking facility in the City [on]

between

July 1, 1989 [and thereafter]

and June 30, 2005, inclusive

, a tax of fifteen percent (15%) of the amount charged for the transaction,

and on July 1, 2005 and thereafter, a tax of twenty percent (20%) of the amount charged for the transaction,

which tax shall be collected by the operator from the person parking or storing the vehicle, and shall be paid over to the City as provided herein.

* * *

SECTION 2. Effective date. This Ordinance shall be effective with respect to Fiscal Year 2006 and thereafter upon the enactment of an Ordinance reducing the receipts portion of the business privilege tax set forth at Section 19-2604(1) of The Philadelphia Code to a rate of 1.50 mills for tax years 2006 and 2007.

End