THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 19-2600 of The Philadelphia Code is hereby amended to read as follows:
CHAPTER 19-2600. BUSINESS INCOME AND RECEIPTS TAXES.
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§ 19-2604. Tax Rates, Credits, and Alternative Tax Computation.
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(8) "Green Roofs" Tax Credit.
(a) Definitions. For purposes of this subsection, the following definitions shall apply:
(1) Green roof. [An addition] A treatment to a roof that supports living vegetation and includes a synthetic, high quality waterproof membrane, drainage layer, [soil layer and light weight medium plants.] root barrier, soil layer, and vegetation layer.
[(2) Eligible roof top space. The total space available to support a green roof, as certified by a structural engineer.]
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(c) Commitment Letter. The Revenue Department shall approve the application if it contains all the required information. After approval of the application, the applicant must execute a commitment letter with the Revenue Department setting forth the following:
(1) The plans for the green roof, as approved by the Department of Licenses and Inspections, which plans must provide for a green roof covering at least [fifty percent (50%) of the building's rooftop or seventy-five percent (75%) of eligible roof top space] sixty percent (60%) of the rooftop.
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SECTION 2. This Ordinance shall become effective 90 days after it is enacted.
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Explanation:
[Brackets] indicate matter deleted.
Italics indicate new matter added.
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