City of Philadelphia - File #: 170515

• File #: 170515
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/18/2017
• In control: Committee on Finance
• Final action: 6/15/2017
• Title: Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," to provide for extension of certain benefits, under certain terms and conditions.
• Sponsors: Council President Clarke, Councilmember Johnson
• Indexes: KEYSTONE OPPORTUNITY ZONE
• Code sections: 19-3200 - Keystone Opportunity Zone

Date	Ver.	Action By	Action	Result	Tally
6/21/2017	0	MAYOR	SIGNED
6/15/2017	0	CITY COUNCIL	READ AND PASSED	Pass	17:0
6/8/2017	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/8/2017	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/8/2017	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
6/5/2017	0	Committee on Finance	HEARING NOTICES SENT
6/5/2017	0	Committee on Finance	HEARING HELD
6/5/2017	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/18/2017	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," to provide for extension 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 DISTRICT, AND STRATEGIC DEVELOPMENT AREA.

* * *

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

(1) The provisions set forth in subsections (.1) through (.6) below, shall apply as follows:

* * *

(j) with respect to real property or business activity, as applicable, attributable to certain parcels in certain Keystone Opportunity Zones, Keystone Opportunity Expansion Subzones, and Keystone Opportunity Improvement Zones, more particularly identified in subsection (5) of this Section, effective on the earlier of (i) the date on which such parcel is occupied by a qualified business; and (ii) the date on which any existing benefits under this Section expire with respect to such parcel; or on such other date as DCED shall establish; and continuing for a period of ten years from commencement; provided that the exemption from sales and use tax set forth at subsection (.5) below shall be effective on such date as DCED shall establish.

* * *

(5) The benefits provided for in subsection (1)(j) shall apply to:


Property address OPA Account No.

(A) 205 Rouse Boulevard (Navy Yard Parcel 7LL) 788010014
(B) 1201 Normandy Place (Navy Yard Parcel 7NN) 885765060
(C) 300 Rouse Boulevard (Navy Yard 7SS) 788043300
(D) 400 Rouse Boulevard (Navy Yard Parcel 7UU) 788043500
(E) 4950 Basin Bridge Road (Navy Yard Parcel 2) 788001001
(F) 1401 Langley Avenue (Navy yard Parcel 3) 787002012
(G) 4490 R Basin Bridge Road (...