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BillENACTED

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.

Introduced May 23, 2024Committee of the WholeOfficial record: City of Philadelphia via Legistar

Introduced by

Council President JohnsonCouncil President JohnsonCouncilmember Gilmore RichardsonCouncilmember Gilmore RichardsonCouncilmember O'NeillCouncilmember O'Neill

How members voted

  1. Vote on Jun 13, 2024 · CITY COUNCIL

    Aye (17)

    Councilmember BassCouncilmember BrooksCouncilmember DriscollCouncilmember GauthierCouncilmember Gilmore RichardsonCouncilmember HarrityCouncilmember JonesCouncilmember LozadaCouncilmember O'NeillCouncilmember PhillipsCouncilmember SquillaCouncilmember ThomasCouncilmember AhmadCouncilmember LandauCouncilmember O'RourkeCouncilmember YoungCouncil President Johnson

From the floor

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

  1. “…l members having voted in the affirmative, the bill passes. Will the Clerk please read the title of Bill No. 240492.”

    Council President Johnson · Stated Meeting, June 13, 2024 · Jun 13, 2024 · official transcript, this passage

  2. “…Budget; and Bill No. 240182, entitled Program for six Fiscal Years 2025 through 2030 inclusive; and Bill No. 240492, entitled 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; and Resolution No. 240168, appointing Madison McCarron to the Board of Directors of the City Avenue Special Services Distr…”

    Chief Clerk · Stated Meeting, June 6, 2024 · Jun 6, 2024 · official transcript, this passage

Status timeline

  1. May 23, 2024
    Introduced and Referred · CITY COUNCIL

    This Bill was Introduced and Referred.to the Committee of the Whole

  2. May 28, 2024
    HEARING NOTICES SENT · Committee of the Whole

    This Bill was HEARING NOTICES SENT.

  3. May 28, 2024
    Cancellation of Scheduled Public Hearing · Committee of the Whole

    This Bill was Cancellation of Scheduled Public Hearing.

  4. May 29, 2024
    HEARING NOTICES SENT · Committee of the Whole

    This Bill was HEARING NOTICES SENT.

  5. May 29, 2024
    Cancellation of Scheduled Public Hearing · Committee of the Whole

    This Bill was Cancellation of Scheduled Public Hearing.

  6. May 30, 2024
    HEARING NOTICES SENT · Committee of the Whole

    This Bill was HEARING NOTICES SENT.

  7. May 30, 2024
    Cancellation of Scheduled Public Hearing · Committee of the Whole

    This Bill was Cancellation of Scheduled Public Hearing.

  8. Jun 5, 2024
    HEARING NOTICES SENT · Committee of the Whole

    This Bill was HEARING NOTICES SENT.

  9. Jun 5, 2024
    HEARING HELD · Committee of the Whole

    This Bill was HEARING HELD.

  10. Jun 5, 2024
    AMENDED · Committee of the Whole

    This Bill was AMENDED.

  11. Jun 5, 2024
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee of the Whole

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  12. Jun 6, 2024
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  13. Jun 6, 2024
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

    This Bill was ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR.

  14. Jun 13, 2024
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

    A motion was made that this Bill be READ AND PASSED. The motion carried by the following vote:

  15. Jun 14, 2024
    SIGNED · MAYOR

    This Bill was SIGNED.

Official documents

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

Full text

Read the full text as published

..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. * * * (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). * * * ..End