READ AND PASSED

This enacted bill authorizes the School District of Philadelphia’s Board of Education to continue imposing an annual tax on real estate in Philadelphia. It sets the tax rate at 0.7382% for tax years 2014 and 2015 and increases it to 0.7681% beginning in tax year 2016.

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, to provide for an increase in the tax, and making technical changes, all under certain terms and conditions.