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BillENACTED

Bill 040019

Amending Chapter 19-500 of The Philadelphia Code, entitled "Taxes and Rents-General," by providing for uniform time limitations on collections, examinations and assessments, under certain terms and conditions.

Introduced Jan 22, 2004Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember NutterCouncilmember Nutter

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “To the President and Members of the Council of the City of Philadelphia, I am pleased to advised you that on June 10, 2004, I signed the following bill that was passed by Council at its Session on May 27, 2004: Bill No. 040311. And I signed the following bills that were passed by Council at its Session on May 31, 2004: Bill No. 040019, 040021, 040259, 040260, 040262, and 040313. And I am returning herewith as disappr…”

    Chief Clerk · Stated Meeting, June 10, 2004 · Jun 10, 2004 · official transcript, this passage

  2. “A majority of Council having voted in the affirmative, this bill passes. The next bill to be called for consideration is Bill No. 040019. THE”

    Council President Verna · Stated Meeting, May 31, 2004 · May 31, 2004 · official transcript, this passage

  3. “And Bill No. 040019 entitled, An ordinance amending Chapter 19-1400 of The Philadelphia Code entitled Realty Transfer Taxes by amending the definition of value to include deeds in lieu of foreclosure; and Bill No. 040423 entitled, An ordinance amending Section 11-203 of The Philadelphia Code entitled Sewer and Water Pipe and Other Underground Service by increasing permit fee charges for breaking and excavating of any…”

    Chief Clerk · Stated Meeting, May 25, 2004 · May 25, 2004 · official transcript, this passage

  4. “And Bill No. 040019, an ordinance amending Chapter 19-1400 of The Philadelphia Code entitled Realty Transfer Taxes by amending the definition of value to include deeds in lieu of foreclosure.”

    Chief Clerk · Stated Meeting, May 25, 2004 · May 25, 2004 · official transcript, this passage

Status timeline

  1. Jan 22, 2004Re-Referred · CITY COUNCIL
  2. Jan 22, 2004Introduced · CITY COUNCIL
  3. May 10, 2004HEARING NOTICES SENT · Committee of the Whole
  4. May 10, 2004HEARING HELD · Committee of the Whole
  5. May 10, 2004RECESSED · Committee of the Whole
  6. May 12, 2004HEARING HELD · Committee of the Whole
  7. May 12, 2004RECESSED · Committee of the Whole
  8. May 17, 2004HEARING HELD · Committee of the Whole
  9. May 17, 2004RECESSED · Committee of the Whole
  10. May 18, 2004HEARING HELD · Committee of the Whole
  11. May 18, 2004RECESSED · Committee of the Whole
  12. May 24, 2004HEARING NOTICES SENT · Committee of the Whole
  13. May 24, 2004HEARING HELD · Committee of the Whole
  14. May 24, 2004AMENDED · Committee of the Whole
  15. May 24, 2004REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee of the Whole
  16. May 25, 2004SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  17. May 25, 2004ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  18. May 25, 2004ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  19. May 31, 2004READ · CITY COUNCIL
  20. May 31, 2004PASSED · CITY COUNCIL
  21. Jun 10, 2004SIGNED · MAYOR

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title Amending Chapter 19-1400 of The Philadelphia Code, entitled "Realty Transfer Taxes," by amending the definition of "Value" to include deeds in lieu of foreclosure. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-1400 of the Philadelphia Code is hereby amended to read as follows: CHAPTER 19-1400. REALTY TRANSFER TAX. * * * § 19-1402. Definitions. * * * (14) Value. (b) In the case of a gift of real estate where the transfer is not arms length, sale by execution upon a judgment or upon the foreclosure of a mortgage by a judicial officer, or upon a deed in lieu of foreclosure, transactions without consideration or for consideration less than the actual monetary worth of the real estate, a lease subject to tax pursuant to § 19-1402(12)(b), an occupancy agreement, a leasehold or possessory interest, any exchange of properties, a transfer by merger, consolidation, or acquisition, a transfer effectuated pursuant to a plan of liquidation and dissolution, or the real estate of an acquired real estate company or family farm corporation, the actual monetary worth of the real estate as determined by adjusting the assessed value of the real estate, as determined by the Board of Revision of Taxes for City real estate tax purposes, for the common level ratio factor for the City as established by the State Tax Equalization Board: Provided, that the value of real estate transferred pursuant to a plan of liquidation and dissolution of a corporation or an association shall not include the proportionate value of the real estate which is attributable to securities or shares owned by persons who filed a Certificate of Transfer and paid Realty Transfer Tax upon the acquisition of the securities and shares; * * * SECTION 2. This ordinance shall take effect commencing with transfers occurring on or after January 1, 2005. ______________________ Explanation: Italics indicate new matter added. ..End