§ 19-1103.  Rate; Valuation and Payment Dates. 141
   (1)   On or before October 1, 1997, returns itemizing any property made taxable by the preceding Section shall be due, accompanied by the appropriate tax payment calculated as follows:
      (a)   The tax imposed by Section 19-1102 shall be assessed at the rate of five mills on the value of taxable property on January 1, 1996.
      (b)   Such tax liability shall be offset by a credit equal to the amount previously paid by such taxpayer to the City of Philadelphia pursuant to the Act of June 17, 1913, P.L. 507, No. 335, as amended, with respect to the value of property on January 1, 1993, January 1, 1994, January 1, 1995, and January 1, 1996.
   (2)   The due dates for returns and payments set forth in this Section may be amended by the Revenue Department, by regulation, if necessary for administrative or other purposes. 142

 

Notes

141
   Added, Bill No. 970154 (approved April 3, 1997); amended, Bill No. 970666 (approved December 15, 1997). Section 2 of Bill No. 970666 read: "Pursuant to the Act of 1978, April 18, P.L. 56, City Council hereby determines not to impose and collect the taxes permitted by the Act of June 17, 1913, P.L. 507, No. 335, as amended. This Section shall be effective with respect to taxes on the value of property as of January 1, 1997, and all years thereafter."
142
   Bill No. 970666 (approved December 15, 1997) repealed prior subsection (2) but did not renumber this subsection; renumbered by Code editor.