City of Philadelphia - File #: 010372

• File #: 010372
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/24/2001
• In control: Committee of the Whole
• Final action: 9/13/2001
• Title: Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," by extending the time period for exemptions, abatements or credits from certain taxes, under certain terms and conditions.
• Sponsors: Council President Verna, Councilmember Blackwell
• Indexes: KEYSTONE OPPORTUNITY ZONE
• Code sections: 19-3200 - Keystone Opportunity Zone, 19-3203 - Deposit and Distribution of Tax Revenues

Date	Ver.	Action By	Action	Result	Tally
10/4/2001	0	MAYOR	NO ACTION TAKEN
9/13/2001	0	CITY COUNCIL	READ
9/13/2001	0	CITY COUNCIL	PASSED	Pass	17:0
6/14/2001	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/14/2001	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/14/2001	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/12/2001	0	Committee of the Whole	HEARING NOTICES SENT
6/12/2001	0	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/12/2001	0	Committee of the Whole	HEARING HELD
5/24/2001	0	CITY COUNCIL	Referred
5/24/2001	0	CITY COUNCIL	Introduced	Pass

Title
Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," by extending the time period for exemptions, abatements or credits from certain taxes, 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 amended to read as follows:

CHAPTER 19-3200. KEYSTONE OPPORTUNITY ZONE

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§19-3203. Authorization of Exemption, Abatement or Credits from Certain Taxes.

Effective as of January 1, 1999, and continuing through and including December 31, 2010, with respect to real property or business activity, as applicable, attributable to those portions of the Keystone Opportunity Zone generally known as PIDC Northeast Industrial Parks (East), Byberry East Industrial Park; and Upper Delaware River; all as set forth in subsection 19-3201(1); effective as of January 1, 1999, and continuing through and including December 31, 2013, with respect to real property or business activity, as applicable, attributable to any portion of the Keystone Opportunity Zone other than that set forth immediately above; and effective as of January 1, 2001, and continuing through and including December 31, 2013, with respect to real property or business activity, as applicable, attributable to the Keystone Opportunity Expansion Zone, the following provisions shall apply:

* * *

SECTION 2. This Ordinance shall be effective 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 in The Philadelphia Keystone Opportunity Zone, as set forth in The Pennsylvania Keystone Opportunity Zone Act, P.L. 705, No. 92, as amended, and only in such Zone as is designated by the Commonwealth.

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Explanation:

Italics indicate new matter added.

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