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BillENACTED

Bill 130531-A

Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by authorizing the assignment or transfer to third-parties, real estate tax claims either absolutely or as collateral security, for an amount to be determined by the Department, all under certain terms and conditions.

Introduced Jun 13, 2013Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember GreenCouncilmember GreenCouncilmember GreenCouncilmember OhCouncilmember OhCouncilmember OhCouncilmember O'NeillCouncilmember O'NeillCouncilmember O'NeillCouncilmember HenonCouncilmember HenonCouncilmember HenonCouncilmember KenneyCouncilmember KenneyCouncilmember KenneyCouncilmember SquillaCouncilmember SquillaCouncilmember Squilla

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 advise you that on November 13, 2013, I signed the following bills that were passed by Council at its session on October 24, 2013: Bill No. 130531-A and Bill No. 130635-A; and I am transmitting for the consideration of your honorable body a resolution approving the redevelopment contract of the Philadelphia Redevelopment Authorit…”

    Chief Clerk · Stated Meeting, November 14, 2013 · Nov 14, 2013 · official transcript, this passage

  2. “10/24/13 - STATED - 2ND READING Thank you, Councilwoman. The Chair recognizes -- are you okay, Councilman? You're good? Okay. The bill has been read and -this particular Bill 130531-A has been read on two separate occasions. The question is shall the bill pass finally. Mr. Decker, please call the roll.”

    Council President Clarke · Stated Meeting, October 24, 2013 · Oct 24, 2013 · official transcript, this passage

Status timeline

  1. Jun 13, 2013Introduced and Referred · CITY COUNCIL
  2. Oct 4, 2013HEARING NOTICES SENT · Committee on Finance
  3. Oct 4, 2013HEARING HELD · Committee on Finance
  4. Oct 4, 2013AMENDED · Committee on Finance
  5. Oct 4, 2013REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
  6. Oct 10, 2013ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  7. Oct 10, 2013SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  8. Oct 10, 2013ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
  9. Oct 17, 2013READ · CITY COUNCIL
  10. Oct 17, 2013AMENDED · CITY COUNCIL
  11. Oct 17, 2013ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING. · CITY COUNCIL
  12. Oct 24, 2013READ AND PASSED · CITY COUNCIL
  13. Nov 13, 2013SIGNED · MAYOR

Official documents

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

Full text

Read the full text as published

..Title Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by authorizing the assignment or transfer to third-parties, real estate tax claims either absolutely or as collateral security, for an amount to be determined by the Department, all under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-1300 of The Philadelphia Code is amended to read as follows: CHAPTER 19-1300. REAL ESTATE TAXES * * * § 19-1305. Authorization for Installment Payment Agreements, Waiving Additions to Tax and Abating Interest and Penalties Otherwise Due Pursuant to Section 19-1303, and Requiring Commencement of Enforcement Action. * * * (4) Prohibited Conduct. * * * (e) Commencement of Enforcement Action. In the case of taxpayers who do not enter into a payment agreement or otherwise satisfy outstanding liabilities by December 31 of the first year in which the tax is registered as delinquent, and in the case of taxpayers who default on payment agreements, the Department shall timely take all steps as provided for in the Act of 1923, May 16, P.L. 207, No. 153, § 39.4, as amended, 53 P.S. §§ 7147 and 7193.4, or elsewhere. Pursuant to 53 Pa.C.S. §7147, the Department shall be authorized to assign or transfer to third-parties, real estate tax claims filed or to be filed, for an amount to be determined by the Department. When proceeding under 53 Pa.C.S. §7147 (related to assignments and transfers) the Department shall: (1) Not transfer or assign claims valued at less than One Thousand Dollars ($1,000.00); (2) Before assigning or transferring real estate tax claims to other third-parties, grant a right-of-first-refusal to any existing third-party assignee of a real estate tax claim related to the property; (3) Require that any attorney or other professional services fees be capped at a rate not to exceed $200.00 per hour; and (4) Require that any expenses including, attorneys' fees, professional services fees and any other fees or charges related to the assignment, transfer, or sale of a given real estate tax claim not exceed $2,500.00; and (5) Require that interest rates charged by lien holders be capped at 10%, pursuant to 53 Pa.C.S. §7143; and that penalty rates be capped at 5%, pursuant to 53 Pa.C.S. §7203; and (6) In the case of Homestead Properties, pursuant to §19-1301, require that sheriff sale of the property cannot be initiated by a lien holder until two years have passed from the date of purchase of the lien. From time to time the Department may by regulation adjust the fees and charges a lien holder may collect and any caps on such fees and charges. * * * SECTION 2. This Ordinance shall be effective November 15, 2013. ____________________________ Explanation: [Brackets] indicates matter deleted. Italics indicate new matter added. ..End