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Amending Chapter 19-3200, entitled "Keystone Opportunity Zone and Economic Development District," by renaming said Chapter "Keystone Opportunity Zone, Economic Development District, And Strategic Development Area," to provide for the contingent exemption, abatement or credit of certain taxes within a specified geographic area, under certain terms and conditions.
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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, [AND] ECONOMIC DEVELOPMENT DISTRICT, AND STRATEGIC DEVELOPMENT AREA.
§ 19-3201. Designation of Zone.
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(5) The area of the City generally located in the 35th Ward of the City, in the vicinity of Langdon Street, Godfrey Avenue, Summerdale Avenue and Whitaker Avenue, and more particularly defined in Section 2 of the Ordinance enacting this subsection, shall be designated as the Philadelphia Strategic Development Area.
§ 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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(10.1) "SDA Act." The Strategic Development Areas Act, Act of November 20, 2006, No. 151.
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(13) "Zone." The Philadelphia Keystone Opportunity Zone, the Philadelphia Keystone Opportunity Expansion Zone, the Philadelphia Keystone Opportunity Improvement Zone, [or] the Philadelphia Economic Development District, or the Philadelphia Strategic Development Area.
§ 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 includ...
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