City of Philadelphia - File #: 040642

• File #: 040642
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 6/3/2004
• In control: Committee of the Whole
• Final action: 6/21/2004
• Title: Providing for the contingent exemption, abatement or credit of certain taxes within specified geographic areas, including by amending Bill No. 030242 (approved May 29, 2003), relating to the boundaries of the Keystone Opportunity Improvement Zone, and by amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," including by revising the conditions for exemption from net profits tax and by clarifying and amending the provisions relating to relocating businesses, all under certain terms and conditions.
• Sponsors: Councilmember Clarke
• Indexes: KEYSTONE OPPORTUNITY ZONE

Date	Ver.	Action By	Action	Result	Tally
7/1/2004	1	MAYOR	SIGNED
6/21/2004	1	CITY COUNCIL	READ
6/21/2004	1	CITY COUNCIL	PASSED	Pass	15:2
6/10/2004	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/10/2004	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass	16:1
6/10/2004	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/9/2004	0	Committee of the Whole	HEARING NOTICES SENT
6/9/2004	0	Committee of the Whole	HEARING HELD
6/9/2004	0	Committee of the Whole	AMENDED
6/9/2004	1	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/3/2004	0	CITY COUNCIL	Referred
6/3/2004	0	CITY COUNCIL	Introduced	Pass

Title
Providing for the contingent exemption, abatement or credit of certain taxes within specified geographic areas, including by amending Bill No. 030242 (approved May 29, 2003), relating to the boundaries of the Keystone Opportunity Improvement Zone, and by amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," including by revising the conditions for exemption from net profits tax and by clarifying and amending the provisions relating to relocating businesses, all under certain terms and conditions.
Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Bill No. 030242 (approved May 29, 2003) is hereby amended by amending Exhibit C thereto, as set forth in Exhibit A hereto.

SECTION 2. Bill No. 030242 (approved May 29, 2003) is hereby further amended by amending Exhibit C thereto, 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.

* * *

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

(a) 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 the Keystone Opportunity Zone; (b) 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; and (c) with respect to real property or business activity, as applicable, attributable to each separate Philadelphia Keystone Opportunity Improvement Subzone, effective [upon designation by DCED of such subzone (anticipated on or about October 1, 2003)] January 1, 2004 with respect to the original Keystone Opportunity Improvement Subzones and effective upon designation of any enhancements to such Subzones or any new Keystone Opportun...