City of Philadelphia - File #: 010092

• File #: 010092
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 2/8/2001
• In control: CITY COUNCIL
• Final action: 2/22/2001
• Title: Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," to provide for the contingent exemption, abatement or credit of certain taxes within specified geographical areas, under certain terms and conditions.
• Sponsors: Council President Verna, Councilmember Blackwell
• Indexes: KEYSTONE OPPORTUNITY ZONE

Date	Ver.	Action By	Action	Result	Tally
2/28/2001	1	MAYOR	SIGNED
2/22/2001	1	CITY COUNCIL	READ
2/22/2001	1	CITY COUNCIL	PASSED	Pass	16:0
2/15/2001	0	Committee of the Whole	HEARING HELD
2/15/2001	0	Committee of the Whole	HEARING HELD
2/15/2001	0	Committee of the Whole	AMENDED
2/15/2001	0	Committee of the Whole	AMENDED
2/15/2001	1	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
2/15/2001	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
2/15/2001	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
2/15/2001	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
2/14/2001	0	Committee of the Whole	HEARING NOTICES SENT
2/14/2001	0	Committee of the Whole	HEARING NOTICES SENT
2/14/2001	0	Committee of the Whole	RECESSED
2/14/2001	0	Committee of the Whole	RECESSED
2/14/2001	0	Committee of the Whole	HEARING HELD
2/14/2001	0	Committee of the Whole	HEARING HELD
2/8/2001	1	CITY COUNCIL	Referred
2/8/2001	1	CITY COUNCIL	Introduced	Pass

Title
Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," to provide for the contingent exemption, abatement or credit of certain taxes within specified geographical areas, 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

§19-3201. Designation of Zone.

* * *


(2) The areas of the City generally known as follows, and more fully defined in Section 2 of the ordinance enacting this subsection, shall each separately be designated a Philadelphia Keystone Opportunity Expansion Subzone, and shall collectively be designated as the Philadelphia Keystone Opportunity Expansion Zone:

(a) Northeast Philadelphia Airport Subzone.

(b) Upper Delaware River Subzone.

(c) Central Delaware River Subzone.

(d) Lower Delaware River Subzone.

(e) Frankford/Torresdale Subzone.

(f) West Philadelphia Subzone.

(g) Upper Schuylkill River Subzone.

(h) Lower Schuylkill River 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:

* * *

(13) "Zone." The Philadelphia Keystone Opportunity Zone or the Philadelphia Keystone Opportunity Expansion Zone.

§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 the Keystone Opportunity Zone; 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:
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