READ AND PASSED

The enacted bill changes Philadelphia’s rules for granting real estate tax exemptions to purely public charities and certain other entities. It requires the exempt organization to hold legal or equitable title, receive no income from the property other than from people receiving its services, and regularly use the property for its qualifying purpose; it also removes the requirement for an annual sworn statement and supporting documents, while requiring a new application for additional property or additional portions of property.

Amending Section 2-305 of The Philadelphia Code, entitled "Office of Property Assessment; Chief Assessment Officer; Powers and Duties," by modifying the documentation requirements for real estate tax exemption, all under certain terms and conditions.