Title
Providing for the contingent exemption, abatement or credit of certain taxes within specified geographic areas, including by amending Bill No. 970788-A (approved December 30, 1998), relating to the boundaries of the Keystone Opportunity Zone, and by amending Bill No. 010092 (approved February 28, 2001), relating to the boundaries of the Keystone Opportunity Expansion Zone, and by amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," by providing for a Keystone Opportunity Improvement Zone, and by amending certain effective dates, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Bill No. 980788-A (approved December 30, 1998) is hereby amended by amending Exhibits 1, 2, 5, 7, 9 and 11 thereto, all as set forth in Exhibit A hereto.
SECTION 2. Bill No. 010092 (approved February 28, 2001) is hereby amended by amending Exhibits 1, 2 and 8 thereto, all as set forth in Exhibit B hereto.
SECTION 3. Chapter 19-3200 of The Philadelphia Code is hereby amended to read as follows:
CHAPTER 19-3200. KEYSTONE OPPORTUNITY ZONE.
§19-3201. Designation of Zone.
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(3) The areas of the City generally known as follows, and more specifically defined in Section 4 of the ordinance enacting this subsection, shall each separately be designated a Philadelphia Keystone Opportunity Improvement Subzone, and shall collectively be designated as the Philadelphia Keystone Opportunity Improvement Zone:
(a) Kubach Road Subzone.
(b) Naval Business Center Subzone.
(c) West Philadelphia Subzone.
§19-3202. Definitions.
The following words and phrases when used in this Chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:
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(13) "Zone." The Philadelphia Keystone Opportunity Zone, [or] the Philadelphia Keystone Opportunity Expansion Zone, or the Philadelphia Keystone Opportunity...
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