Amending Section 19-2100 of The Philadelphia Code, entitled "Petroleum Processing Tax," by making the tax on the privilege of processing petroleum effective again, beginning July 1, 2009, and increasing the rate of the tax, all under certain terms and conditions.

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

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

TITLE 19. FINANCE, TAXES AND COLLECTIONS.

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CHAPTER 19-2100. PETROLEUM PROCESSING TAX.

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§19-2102. Imposition of Tax.

(1) A tax is hereby imposed [for the Fiscal Year July 1, 1976 - June 30, 1977 only] on the privilege of processing petroleum in the City of Philadelphia. The tax shall be measured by the number of barrels of petroleum placed in the processing process in a petroleum refinery, located in the City of Philadelphia, at the rate of [5 cents]

thirty-five cents ($.35)

per barrel or any portion of a barrel.

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SECTION 2. This Ordinance shall take effect July 1, 2009.

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Explanation:

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