Official:Amending Subsection 19-2604(8) of The Philadelphia Code, entitled "'Green Roofs' Tax Credit," to change the requirements for the credit and make other technical changes; all under certain terms and conditions.
Sponsor: Councilmember Reynolds Brown
Introduced: February 5, 2015
Signed: March 26, 2015
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends a tax credit program for businesses that install 'green roofs' to reduce stormwater runoff and improve air quality. The changes include increasing the maximum tax credit from $100,000 to 50% of all construction costs, but also limiting the total aggregate amount of credits awarded in any year.
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