Official:Amending Chapter 19-3200, entitled "Keystone Opportunity Zone and Economic Development District," by renaming said Chapter "Keystone Opportunity Zone, Economic Development District, And Strategic Development Area," to provide for the contingent exemption, abatement or credit of certain taxes within a specified geographic area, under certain terms and conditions.
Sponsor: Councilmember Tasco
Introduced: November 29, 2007
Signed: December 13, 2007
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends Philadelphia's 'Keystone Opportunity Zone' law to create a new 'Strategic Development Area', which would allow for tax exemptions and credits in a specific geographic area of the city.
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