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.
* * *
(2) Imposition of the Tax.
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(b) The Board of Education of the School District of Philadelphia is authorized to impose a tax for general school purposes on the use or occupancy of real estate within the School District of Philadelphia during the tax years beginning July 1, 2001
,
July 1, 2002, July 1, 2003, July 1, 2004, July 1, 2005, July 1, 2006,
July 1, 2007,
July 1, 2008, July 1, 2009,
July 1, 2010, July 1, 2011, July 1, 2012, July 1, 2013, July 1, 2014, July 1, 2015, July 1, 2016, July 1, 2017
, July 1, 2018
, and thereafter
for the purpose of carrying on any business, trade, occupation, profession, vocation, or any other commercial or industrial activity. This tax is imposed on the user or occupier of real estate.
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(4) Rate and Computation of Tax.
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(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:
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(.4) For purposes of this subsection (c):
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(B) The Exemption Amount shall be as follows:
Tax Year Beginning
Exemption Amount
July 1, 2013
$177,000 per property
July 1, 2014
$177,000 per property
July 1, 2015 [and thereafter]
$165,300 per property
through July 1, 2017
July 1, 2018, and thereafter
$157,233 per property
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The Tax Rate shall be as follows:
Tax Year Beginning
Tax Rate
July 1, 2013
one and thirteen hundredths percent
(1.13%)
July 1, 2014
one and thirteen hundredths percent
(1.13%)
July 1, 2015 [and thereafter]
one and twenty-one hundredths
through July 1, 2017
percent
(
1.21%)
July 1, 2018, and thereafter
one and twenty-seven hundredths
percent (1.27%)
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Explanation:
[Brackets] indicate matter deleted.
Italics
indicate new matter added.
End