Legislation

Philadelphia Real Estate Professionals Ordered To Report All Commissions And Fees Earned From City Transactions

Philadelphia real estate professionals must now report all commissions and fees earned from City transactions to the Department of Revenue, as part of new requirements aimed at increasing tax collections. The move affects City real estate deals, where agents will submit business income and receipts account numbers to Revenue.

150369

City Prepares to Sell 67,500 Square Foot Property Portfolio to PIDC Amid Plans for Future Development

City Plans Massive Land Sale: Council Approves Selling 67,500 Square Feet of City-Owned Properties for pennies on the dollar, raising questions about what's next for underutilized industrial sites. The sale will net the city a fraction of its worth, but potentially pave way for new developments.

050470

City Transfers Land to PIDA for Nominal Fee, PIDA to Sell at Fair Market Value

Property owners on Island Avenue and Saybrook Street are watching as their plots of land could be sold off to a development authority, sparking concerns about gentrification in the rapidly changing neighborhoods.

050338

City Council Seeks Relief for Low-Income Residents with Gradual Tax Cuts and Retroactive Refunds

Low-income Philadelphia residents could see tax rates decrease in three stages under a new bill passed by City Council with one dissenting vote. Eligible taxpayers will also receive refunds for excess taxes paid.

030421