Localmedium impact · 6/10substantive080212

Philadelphia Businesses Can Earn Tax Credits for Developing Affordable Housing Units Under New Plan

Official:Amending Chapter 19-2600 of The Philadelphia Code, entitled "Business Privilege Taxes," by amending Section 19-2604, entitled "Tax Rates, Credits, and Alternative Tax Computation," by providing an affordable housing tax credit for losses incurred in providing affordable housing, under certain terms and conditions.

Sponsor: Councilmember Clarke

Introduced: February 28, 2008

: Committee on Housing, Neighborhood Development and The Homeless

housing planning taxation

No one voted on this bill

This bill was introduced in the 2008–2011 Council term and when that term ran out. The public record shows no committee vote and no floor vote at any stage, so no member of Council ever went on record for or against it.

That is not unusual here. Of the 8,465 bills introduced between 2000 and 2025, 1,624 lapsed without a single recorded vote. Ninety percent of bills that became law carry a roll call. Three percent of lapsed bills do. How this works.

Plain-Language Summary

This bill provides an Affordable Housing Tax Credit to businesses that build or renovate affordable housing units in Philadelphia. Businesses can apply for a tax credit based on their losses from offering units at an affordable price.

What This Bill Does

AI-written. Every figure is checked against the bill text.

It establishes an Affordable Housing Tax Credit for businesses that build or renovate affordable housing units in Philadelphia.
Businesses are eligible to apply for the tax credit if they construct affordable dwelling units for sale or rental, or substantially renovate a building to create affordable dwelling units.
The tax credit is based on losses incurred by the business in providing affordable housing, under certain terms and conditions.
The bill amends Section 19-2604 of The Philadelphia Code to include a new subsection (9) entitled "Affordable Housing Tax Credit", which outlines the definitions, eligibility, and application process for the tax credit.