READ AND PASSED

The enacted bill amended Philadelphia’s code to authorize the School District of Philadelphia’s Board of Education to impose a tax for general school purposes on the use or occupancy of real estate for business, trade, professional, commercial, or industrial activities. The tax is paid by the property’s user or occupier and is based on the property’s assessed value, with a maximum rate of $5.51 per $100 of assessed value for 2012 and later tax years.

Amending Section 19-1806, entitled "Authorization of Realty Use and Occupancy Tax," to further authorize the Board of Education of the School District of Philadelphia to impose a tax on the use or occupancy of real estate within the School District of Philadelphia, under certain terms and conditions.