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Back to search resultsBill 180139

Amending Section 19-1806 of The Philadelphia Code, entitled "Authorization of Realty Use and Occupancy Tax," to revise the timing of the determination of assessed value, under certain terms and conditions.

AI summary

This enacted measure changes how the assessed value is determined for Philadelphia’s Realty Use and Occupancy Tax. For tax years beginning July 1, 2019 and later, the value used depends on whether the use or occupancy occurs from July through December or from January through June, and applies to the users or occupiers who pay the tax.

File details

Status
ENACTED
Introduced
February 22, 2018
Sponsors
Allan DombBobby HenonDavid OhHelen GymDerek S. GreenMark SquillaAl TaubenbergerKenyatta JohnsonBrian J. O'Neill
View official record ↗

Full text

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Section 19-1806 of The Philadelphia Code is hereby amended to read as follows:

§ 19-1806. Authorization of Realty Use and Occupancy Tax.

* * *

(4)

Rate and Computation of Tax.

* * *

(c)

Computation for Tax Years beginning on or after July 1, 2013. The tax to be paid by the user or occupier, for the tax year beginning July 1, 2013, and for all tax years thereafter, shall be computed as follows:

* * *

(.4)

For purposes of this subsection (c):

(A)

Assessed Value shall mean the assessed value of the real estate as most recently returned by the Office of Property Assessment prior to the start of the Tax [year.]

year; provided that, for tax years beginning July 1, 2019, and thereafter, Assessed Value shall

mean:

(i) For use and occupancy from July 1 of the Tax year until December 31 of the Tax year: the assessed value of the real estate applicable to real estate taxes due during such calendar year.

(ii) For use and occupancy from January 1 of the Tax year until June 30 of the Tax year: the assessed value of the real estate applicable to real estate taxes due during such calendar year.

* * *

___________________________________

Explanation:

[Brackets] indicate matter deleted.

Italics

indicate new matter added.

End

File history

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

    Signed

  3. Council actionCITY COUNCIL

    Read and ordered placed on next week's second reading calendar

    Council actionCITY COUNCIL

    Suspend the rules of the council

    Pass
    Council actionCITY COUNCIL

    Ordered placed on this day`s first reading calendar

  4. Council actionCommittee on Finance

    Reported favorably, rule suspension requested

    Council actionCommittee on Finance

    Hearing held

    Council actionCommittee on Finance

    Hearing notices sent

  5. Council actionCITY COUNCIL

    Introduced and Referred

    Pass