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Title:
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Amending subsection 19-2604(6) of The Philadelphia Code, under which businesses that enter into agreements to make contributions to community development corporations receive business privilege tax credits, by enacting a temporary moratorium on new contribution agreements under that subsection until Council enacts legislation modifying the terms and conditions of the tax credit, all under certain terms and conditions.
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Action text:
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A motion was made by Councilmember Goode that this matter be Introduced and Referred to the Committee on Commerce & Economic Development. The motion carried unanimously.
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