The Philadelphia City Council has enacted Bill No. 250202, amending Section 19-1806 of The Philadelphia Code to eliminate certain exemptions from the Realty Use and Occupancy Tax. This legislative change will phase out the existing exemption amount of $165,300 per property, reducing it to $0 per property starting January 1, 2026. For properties with multiple taxpayers, the exemption amount will be equally allocated among all such taxpayers. Landlords are mandated to provide tenants with information regarding the number of users or occupiers of the property. This measure aims to broaden the tax base and increase revenue for the city by removing a long-standing tax relief.