READ AND PASSED

The enacted bill amended Philadelphia’s tax code to authorize the School District of Philadelphia to continue imposing an annual tax on real estate in the city. It set the tax rate at $3.634 per $100 of assessed taxable property for 2012 and $3.284 per $100 for 2013 and each year after, affecting owners of taxable real estate and providing revenue for school district purposes.

Amending Section 19-1801 of The Philadelphia Code, entitled "Authorization of Tax," to further authorize the Board of Education of the School District of Philadelphia to impose a tax on real estate within the City of Philadelphia, and providing for a tax rate; all under certain terms and conditions.