Official:Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by providing for an Economic Opportunity Plan as a condition for the grant of certain tax abatements, under certain terms and conditions.
Sponsor: Councilmember Clarke
Introduced: April 22, 2005
Vetoed: December 13, 2007
: Committee on Finance
Status: Vetoed
This bill proposes a new requirement for businesses seeking tax abatements to submit an Economic Opportunity Plan that outlines their commitment to providing jobs and contracting opportunities to low-income youth and minority-owned businesses.
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