Amending Chapter 19-2900 of The Philadelphia Code, entitled "Senior Citizen Low Income Special Tax Provisions," to extend the tax provision to trusts that own property for the benefit of a natural person, all under certain conditions.

Amending Chapter 19-2900 of The Philadelphia Code, entitled “Senior Citizen Low Income Special Tax Provisions,” to extend the tax provision to trusts that own property for the benefit of a natural person, all under certain conditions. THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-2900 of The Philadelphia Code is hereby amended to read as follows: CHAPTER 19-2900. SENIOR CITIZEN LOW INCOME SPECIAL TAX PROVISIONS * * * § 19-2902. Definitions. As used in this Chapter: * * * (4) Senior Citizen. A taxpayer who is sixty-five years of age or over, or whose spouse, if a member of the household, is sixty-five years of age or over, during a calendar year in which real property taxes are due and payable; or is both (a) the surviving unmarried spouse of someone who was sixty-five years of age or over and (b) fifty years of age or over during a calendar year in which real estate taxes were due and payable. (a) In addition to the definition of subsection (4), a senior citizen also includes a trust that owns property for the benefit of a natural person, if it can be demonstrated that: (i) An immediate prior owner who is a natural person received the benefit in connection with the property. (ii) The property was directly transferred from the immediate prior owner to a trust existing for the benefit of that same natural person. (iii) The trust must be: (1) a valid trust under Pennsylvania law; (2) the beneficiary of the trust must be identifiable from the trust…