READ AND PASSED

This enacted ordinance further authorizes Philadelphia’s Realty Use and Occupancy Tax for general school purposes on commercial or industrial use of real estate in the School District. For tax years beginning July 1, 2013 and later, the tax rate is 1.13% after applying a $177,000 exemption per property, allocated among multiple users or occupants, with the amount also based on the share of the property used and the number of days it is occupied.

Amending Chapter 19-1800 of The Philadelphia Code, entitled "School Tax Authorization," by amending Section 19-1806, entitled "Authorization of Realty Use and Occupancy Tax," to further authorize the tax and to set the rate for such tax, all under certain terms and conditions.