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File #: 2011-2222    Version:
Type: Ordinance Status: Passed Finally
File created: 10/25/2011 In control: Committee on Finance and Law
On agenda: 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
Attachments: 1. 2011-2222.doc, 2. 2011-2222 VERSION 2.doc, 3. 2011-2222 VERSION 3.doc
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:
ยง 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 ...

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