Official:Amending Chapter 19-1303(3) of The Philadelphia Code, entitled "Authorization to Offer Exemptions from Real Estate Taxes on Improvements to Deteriorated Industrial, Commercial or Other Business Properties," by changing the exemption schedule for improvements to deteriorated industrial, commercial or other business properties, under certain terms and conditions.
Sponsor: Councilmember DiCicco
Introduced: April 13, 2000
Signed: September 28, 2000
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends Philadelphia's tax exemption policy for commercial property improvements, allowing for a longer period of tax exemption (10 years instead of 3) for certain properties.
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