Official:Amending Chapter 19-1400 of The Philadelphia Code, entitled "Realty Transfer Tax," by excluding from the tax a transfer of property between the Philadelphia Housing Authority (PHA) and a Pennsylvania Limited Partnership (PLP) whose General Partner PHA owns and controls; and a transfer of property from PHA or a PHA-controlled PLP to a wholly owned subsidiary of PHA; all under certain terms and conditions.
Sponsor: Councilmember Blackwell
Introduced: February 15, 2018
Signed: April 5, 2018
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends the Philadelphia Code to exclude certain transactions from the Realty Transfer Tax. Specifically, it exempts transfers of property between the Philadelphia Housing Authority (PHA) and its affiliated entities.
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