READ AND PASSED

The enacted bill amends Philadelphia’s realty use and occupancy tax rules to authorize the School District of Philadelphia’s Board of Education to impose a tax for general school purposes on people or businesses using or occupying commercial or industrial real estate in the School District. For tax years beginning July 1, 2015 and afterward, it sets the tax rate at 1.21% and provides a $165,300 exemption per property, with the tax calculated based on the portion of the property used or occupied.

Amending Section 19-1806 of The Philadelphia Code, 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 and to set the rate for such tax, and making technical changes; all under certain terms and conditions.