Bill 240470

Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," to provide for additional extensions of certain benefits, under certain terms and conditions.

Sponsors
Timeline
June 26, 2024 - SIGNED by MAYOR
June 13, 2024 - CITY COUNCIL
June 6, 2024 - CITY COUNCIL
June 5, 2024 - Committee on Finance
May 16, 2024 - CITY COUNCIL
Full Text



Title
Amending Chapter 19-3200 of The Philadelphia Code, entitled “Keystone Opportunity Zone, Economic Development District, and Strategic Development Area,” to provide for additional extensions of certain benefits, under certain terms and conditions.
 
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
 
SECTION 1.   Chapter 19-3200 of The Philadelphia Code is hereby amended to read as follows:
 
CHAPTER 19-3200. KEYSTONE OPPORTUNITY ZONE, ECONOMIC DEVELOPMENT
 
*                     *                     *
 
§ 19-3203. Authorization of Exemption, Abatement or Credits from Certain Taxes.
 
*                     *                     *
 
(5) The benefits provided for in subsection (1)(j) shall apply to:
 
 Street Address                                           OPA Account Number
 
*                     *                     *
 
 

(kkkk)

5800 Eastwick Avenue

88-5-484460

(llll)

5900 Eastwick Avenue

88-5-484880

(mmmm)

5946 Eastwick Avenue

88-5-485860

(nnnn)

6000 Eastwick Avenue

40-2-293920

(oooo)

6050 Eastwick Avenue

88-5-485040

(pppp)

1761 N. 49th Street

88-5-897390

(qqqq)

3025 John F. Kennedy Blvd., Office 1

88-3-000060

(rrrr)

3025 John F. Kennedy Blvd., Office 2

88-3-000061

(ssss)

3025 John F. Kennedy Blvd., Office 3

88-3-000062

(tttt)

3025 John F. Kennedy Blvd., Office 4

88-3-000063

(uuuu)

3025 John F. Kennedy Blvd., Office 5

88-3-000064

(vvvv)

3025 John F. Kennedy Blvd., Office 6

88-3-000065

(wwww)

120 Rouse Blvd.

88-3-000015

(xxxx)

1200 Intrepid Avenue, Unit 2

88-3-000029

(yyyy)

1201 Normandy Avenue

88-3-000017

(zzzz)

255 Rouse Blvd.

88-5-764460

 
*                     *                     *
 
SECTION 2. This Ordinance shall be effective upon approval by the Commonwealth Department of Community and Economic Development of an application for the extension of benefits with respect to certain parcels, and only with respect to such parcels for which an extension is granted, and only for such period of time as the Commonwealth provides for exemptions, abatements or credits with respect to sales and use tax, personal income tax, corporate net income tax and capital stock franchise tax for businesses and residents on such parcels, all as set forth in Section 301.3(a)(1)(iii) of the Act of October 6, 1998 (P.L. 705, No. 92), known as the Keystone Opportunity Zone, Keystone Opportunity Expansion Zone and Keystone Opportunity Improvement Zone Act, and related legislation.
End


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