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File #: 170515    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 5/18/2017 In control: Committee on Finance
On agenda: 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
Attachments: 1. CertifiedCopy17051500.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
6/21/20170 MAYOR SIGNED   Action details Not available
6/15/20170 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
6/8/20170 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
6/8/20170 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
6/8/20170 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
6/5/20170 Committee on Finance HEARING NOTICES SENT   Action details Not available
6/5/20170 Committee on Finance HEARING HELD   Action details Not available
6/5/20170 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
5/18/20170 CITY COUNCIL Introduced and ReferredPass  Action details Not available
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.

* * *

ยง 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 (...

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