City of Pittsburgh - File #: 2011-2222

• File #: 2011-2222
• Version: 3
• Type: Ordinance
• Status: Passed Finally
• File created: 10/25/2011
• In control: Committee on Finance and Law
• Final action: 12/13/2011
• Enactment date: 12/13/2011
• Enactment #: 30
• Effective date: 12/20/2011
• Title: Ordinance supplementing the Pittsburgh Code, Title Two Fiscal, Article IX Property Taxes, Chapter 267, Exemptions for Industrial and Commercial Improvements, Section 267.03 Exemption Schedule, by adding a new section (e) Local Economic Stimulus, to adopt a new exemption schedule for all applications filed for projects with a building permit that is issued during the period of January 1, 2012 through June 30, 2012 as to which a building permit has been issued reflecting a cost in excess of one million dollars ($1,000,000) for the improvements or construction.
• Sponsors: William Peduto, Darlene M. Harris
• Indexes: PGH. CODE ORDINANCES TITLE 02 - FISCAL

Date	Ver.	Action By	Action	Result
12/20/2011	3	Mayor	Signed by the Mayor
12/13/2011	3	City Council	Passed Finally	Pass
12/7/2011	3	Standing Committee	Affirmatively Recommended as Amended	Pass
12/7/2011	3	Standing Committee	AMENDED BY SUBSTITUTE	Pass
11/29/2011	2	Standing Committee
11/21/2011	2	Standing Committee	Held in Committee	Pass
11/16/2011	2	Standing Committee	Held in Committee	Pass
11/10/2011	2	Standing Committee
11/2/2011	2	Standing Committee	Held in Committee	Pass
11/2/2011	2	Standing Committee	AMENDED BY SUBSTITUTE	Pass
10/25/2011	1	City Council	Read and referred

title
Ordinance supplementing the Pittsburgh Code, Title Two Fiscal, Article IX Property Taxes, Chapter 267, Exemptions for Industrial and Commercial Improvements, Section 267.03 Exemption Schedule, by adding a new section (e) Local Economic Stimulus, to adopt a new exemption schedule for all applications filed for projects with a building permit that is issued during the period of January 1, 2012 through June 30, 2012 as to which a building permit has been issued reflecting a cost in excess of one million dollars ($1,000,000) for the improvements or construction.
body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Pittsburgh Code, Title Two Fiscal, Article IX Property Taxes, Chapter 267, Exemptions for Industrial and Commercial Improvements, Section 267.03 Exemption Schedule, is hereby supplemented by adding a subsection (e), Local Economic Stimulus, so that Section 267.03 reads as follows:
§ 267.03 - EXEMPTION SCHEDULE.
Any person making improvements to deteriorated property or constructing or improving industrial, commercial or other business structures in deteriorated areas and/or in deteriorated underutilized transition areas may apply for and receive a tax exemption upon the improvements or construction as provided in the following schedule:
(a)
With respect to improvements to deteriorated property or construction or improvements of industrial, commercial or other business structures in deteriorated areas, other than improvements constituting a qualified conversion to commercial residential use or a qualified conversion to residential use that are located in deteriorated underutilized transition areas:
(1)
The exemption is granted to eligible properties located anywhere in deteriorated areas;
(2)
The exemption granted is limited to a period of five (5) years, and the exemption from City real property tax shall not exceed fifty thousand dollars ($50,000.00) in any single year;
(3)
The exemption granted ...