New Philadelphia Tax Ordinances Will Impact Charities

Law360, New York (August 15, 2013, 11:50 AM EDT) -- In June 2013, the mayor of the city of Philadelphia signed into law two ordinances that "clarify" the business income and receipts tax (formerly known as the business privilege tax) and the property assessment provisions of the Philadelphia Code. These ordinances will impact charities.

Property Assessment

Annual Statement. A charity with real estate that is exempt from real estate tax will now have to file each year a sworn statement certifying:

1. that the charity continues to be a "purely public charity,"

2. the uses to...
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