Official:Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," by extending the time period for exemptions, abatements or credits from certain taxes, under certain terms and conditions.
Sponsor: Council President Verna
Introduced: May 24, 2001
Signed: September 13, 2001
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill extends tax exemptions for businesses in the Keystone Opportunity Zone (KOZ) until December 31, 2013. The KOZ is a designated area in Philadelphia where certain tax incentives are offered to attract businesses and economic growth.
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