Official:Providing for the contingent exemption, abatement or credit of certain taxes within specified geographic areas, including by amending Bill No. 970788-A (approved December 30, 1998), relating to the boundaries of the Keystone Opportunity Zone, and by amending Bill No. 010092 (approved February 28, 2001), relating to the boundaries of the Keystone Opportunity Expansion Zone, and by amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," by providing for a Keystone Opportunity Improvement Zone, and by amending certain effective dates, all under certain terms and conditions.
Sponsor: Council President Verna
Introduced: April 25, 2003
Signed: May 15, 2003
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill creates a Keystone Opportunity Improvement Zone in Philadelphia, providing tax exemptions and credits to businesses within the zone.
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