Official:Amending Title 18 of The Philadelphia Code, entitled "Commerce," to require the Department of Finance or such other official as the Mayor may designate to report to Council certain aggregate information regarding tax benefits such as tax exemptions, abatements and credits and to report on assessments of the economic impact of such tax programs, all under certain terms and conditions.
Sponsor: Councilmember Domb
Introduced: November 17, 2016
Signed: March 16, 2017
: Committee on Commerce & Economic Development
Status: Signed into Law, step 4 of 4
This bill requires the Department of Finance to report to City Council about tax benefits given to businesses and individuals, including how much money is saved and whether these benefits are effective in promoting economic development.
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