READ AND PASSED

This bill changes the rules about which real estate transactions are exempt from the city's realty transfer tax. The bill affects people who buy or sell properties in Philadelphia, and it clarifies which transactions are excluded from paying this tax. The goal is to update the existing tax rules to reflect certain terms and conditions.

Amending Chapter 19-1700 of The Philadelphia Code, entitled "Finance, Taxes, and Collections," to amend excluded transactions to the realty transfer tax, all under certain terms and conditions.