Official:Providing for the contingent exemption, abatement or credit of certain taxes within specified geographic areas, including by amending Bill No. 030242 (approved May 29, 2003), relating to the boundaries of the Keystone Opportunity Improvement Zone, and by amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone," including by revising the conditions for exemption from net profits tax and by clarifying and amending the provisions relating to relocating businesses, all under certain terms and conditions.
Sponsor: Councilmember Clarke
Introduced: June 3, 2004
Signed: June 21, 2004
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill amends the Keystone Opportunity Zone tax exemption program to expand its boundaries and extend its expiration date. It also clarifies rules for relocating businesses within the zone.
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