Bill 240492

Amending Section 19-1301.1 of The Philadelphia Code, entitled "Homestead Exclusion," to increase the amount of the homestead exclusion, under certain terms and conditions.

Sponsors
Timeline
June 14, 2024 - SIGNED by MAYOR
June 13, 2024 - CITY COUNCIL
June 6, 2024 - CITY COUNCIL
June 5, 2024 - Committee of the Whole
May 30, 2024 - Committee of the Whole
May 29, 2024 - Committee of the Whole
May 28, 2024 - Cancellation of Scheduled Public Hearing by Committee of the Whole
May 28, 2024 - HEARING NOTICES SENT by Committee of the Whole
May 23, 2024 - CITY COUNCIL
Full Text



Title
Amending Section 19-1301.1 of The Philadelphia Code, entitled “Homestead Exclusion,” to increase the amount of the homestead exclusion, under certain terms and conditions.
 
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
 
SECTION 1.  Section 19-1301.1 of The Philadelphia Code is hereby amended to read as follows:
 
§ 19-1301.1. Homestead Exclusion.
 
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                     (2.3)                     Commencing in tax year 2023, and continuing [thereafter,] through and including tax year 2024, a homestead exclusion is hereby provided in the amount of eighty thousand dollars ($80,000).
 
                     (2.4)           Commencing in tax year 2025, and continuing thereafter, a homestead exclusion is hereby provided in the amount of one hundred thousand dollars ($100,000).
 
 
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End
 
 


Data: https://phila.legistar.com/