Official:Amending Section 19-1303(4) of The Philadelphia Code, entitled "Authorization to Offer Exemption from Real Estate Taxes on New Construction of Residential Properties," by changing the exemption schedule for new construction of residential properties, and repealing Bill No. 970214 (approved December 9, 1999), which also amended Section 19-1303(4), but has not yet taken effect, all under certain terms and conditions.
Sponsor: Councilmember DiCicco
Introduced: April 13, 2000
Signed: June 22, 2000
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends Philadelphia's tax exemption policy for new residential construction, extending the exemption period from 3 years to 10 years and repealing a previous law that had not taken effect.
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