PASSED

This enacted measure amends Philadelphia’s School Tax Authorization provisions to authorize the School District’s Board of Education to impose a tax for general school purposes on residents’ net income from real property and tangible and intangible personal property. The listed rate is 4.4625% for income received or credited during 2003 and later tax years, subject to the terms in the measure.

Amending Chapter 19-1800 of The Philadelphia Code, entitled "School Tax Authorization," by amending Section 19-1804, entitled "Authorization of Net Income Tax," to further authorize the Board of Education of the School District of Philadelphia to impose a tax on net income from real property and tangible and intangible personal property of residents of the School District of Philadelphia; all under certain terms and conditions.