READ AND PASSED
The enacted ordinance changes certain Philadelphia real estate tax abatements. For eligible new residential construction, applications filed by December 31, 2020, receive a 100% exemption for 10 years, while later applications receive a benefit that declines from 100% in the first year to 10% in the tenth year. Beginning in 2024 and at least every three years, an independent expert must evaluate these and related residential and commercial construction abatements and make recommendations.
Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by modifying the duration and/or amount of certain tax abatements, and by providing for periodic evaluation of the abatements authorized by Sections 19-1303(2), 19-1303(3) and 19-1303(4), all under certain terms and conditions.
Action by CITY COUNCIL
A motion was made that this Bill be READ AND PASSED. The motion carried by the following vote:
Roll Call
| Member | Vote |
|---|---|
| Al Taubenberger | Yes |
| Allan Domb | Yes |
| Blondell Reynolds Brown | Yes |
| Bobby Henon | Yes |
| Brian J. O'Neill | Yes |
| Cherelle Parker | Yes |
| Cindy Bass | Yes |
| Curtis Jones, Jr. | Yes |
| Darrell L. Clarke | Yes |
| David Oh | Yes |
| Derek S. Green | Yes |
| Helen Gym | Yes |
| Jannie L. Blackwell | Yes |
| Kenyatta Johnson | Yes |
| Maria D. Quiñones-Sánchez | Yes |
| Mark Squilla | Yes |
| William K. Greenlee | Yes |