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File #: 2017-1476    Version: 1
Type: Ordinance Status: In Standing Committee
File created: 4/28/2017 In control: Committee on Finance and Law
On agenda: 5/2/2017 Final action:
Enactment date: Enactment #:
Effective date:    
Title: An Ordinance amending the Pittsburgh Code, Title Two, Fiscal; Article VII, Business Related Taxes; Chapter 256, Home Rule Realty Transfer Tax, Section 256.02 LEVY AND RATE, paragraph (a), by increasing the rate of tax from one percent (1%) to two percent (2%). (Post Agenda Held, July 18, 2017; Public Hearing Held, July 18, 2017)
Sponsors: R. Daniel Lavelle, Reverend Ricky V. Burgess
Indexes: PGH. CODE ORDINANCES TITLE 02 - FISCAL

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An Ordinance amending the Pittsburgh Code, Title Two, Fiscal; Article VII, Business Related Taxes; Chapter 256, Home Rule Realty Transfer Tax, Section 256.02 LEVY AND RATE, paragraph (a), by increasing the rate of tax from one percent (1%) to two percent (2%).

(Post Agenda Held, July 18, 2017; Public Hearing Held, July 18, 2017)

 

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Whereas, the health, safety and welfare of the residents of the City of Pittsburgh is the primary responsibility of the government of the City of Pittsburgh; and,

 

Whereas, the federal government is considering either reducing or elimination federal assistance to cities, including the potential elimination of the Community Development Block Grant (CDBG) program; and,

 

Whereas, the City of Pittsburgh needs additional dollars to fund needed programs and activities.

 

Be it therefore resolved that the Council of the City of Pittsburgh does hereby enact as follows:

 

Section 1.  The Pittsburgh Code, Title Two, Fiscal; Article VII, Business Related Taxes; Chapter 256, Home Rule Realty Transfer Tax; Section 256.02 LEVY AND RATE, paragraph (a), is hereby amended to read as follows:

 

Chapter 256, HOME RULE REALTY TRANSFER TAX

 

Section 256.02 LEVY AND RATE.

 

(a) Rate and Time of Payment.  A tax in the amount of [one percent (1%)] two percent (2%) of the value is hereby imposed upon each transfer of any interest in real property situated within the city regardless of where the document is made, executed or delivered, or where the actual settlement on each transfer takes place.  The tax shall be payable at the time of the delivery of the document.

 

Section 2.  This Ordinance shall become effective July 1, 2017.