Bill 160708-AAA

..Title Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," by providing for additional Keystone Opportunity Expansion Zones, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-3200 of The Philadelphia Code is amended to read as follows: * * * CHAPTER 19-3200. KEYSTONE OPPORTUNITY ZONE, ECONOMIC DEVELOPMENT DISTRICT, AND STRATEGIC DEVELOPMENT AREA. § 19-3201. Designation of Zone. * * * (6) The following parcels shall collectively constitute the Additional Philadelphia Keystone Expansion Zone: Street Address OPA Number 1000 Buttonwood 87-1-509660 1002-04 Buttonwood Street 88-4-452300 1006 Buttonwood 05-6-097550 1025 Hamilton 88-1-068055 1120-38 Frankford Avenue 88-4-587815 465 N. 10th Street 88-2-963670 467 N. 10th Street 88-2-963675 500 N 10th Street 88-1-014797 1117 Admiral Peary Way (Quarters M) 78-8-0111215 (Quarters M) 1123 Admiral Peary Way (Quarters K) 78-8-0111215 (Quarters K) 1200 Normandy Place (Parcel 7G) 78-8-036100 1201 S. 35th Street 88-4-122700 1225 Constitution (Parcel 7H) 78-8-038300 1260 Normandy Place (Parcel 7F) 78-8-036200 1951 Kitty Hawk Avenue (Building 69) 78-8-004001 5210 Lindbergh Boulevard 88-4-158000 275 North 38th Street 77-4-348200 115 North 38th Street 77-4-348100 225 North 38th Street 77-4-348150 3675 Market Street 88-3-072800 3679 Market Street 88-3-072810 3701 Filbert Street 77-4-675700 4101 Market Street 88-2-675105 2525 W. Hunting Park Avenue 88-4-070101 2821R Fox Street 88-4-133421 2831 Fox Street 88-4-133431 1007 W. Butler Street 88-4-188500 1224-40 Frankford Avenue 88-4-587800 1253 Leopard Street 18-2-010310 4501 Richmond Street 88-4-210200 2275 Bridge Street Unit # 110 88-4-529165 2275 Bridge Street Unit # 116 88-4-529180 2275 Bridge Street Unit # 202A 88-4-529241 2275 Bridge Street Unit # 202B 88-4-529242 2275 Bridge Street Unit # 212 88-4-212100 (Unit 212) 2275 Bridge Street Unit # 6 88-4-529020 2275 Bridge Street Unit #119B 88-4-529187 2275 Bridge Street Unit #209A 88-4-529251 2275 Bridge Street Unit #209B 88-4-529252 2275 Bridge Street Unit #209E 88-4-529263 2275 Bridge Street Unit #9 88-4-529035 5000 Richmond Street 88-4-209535 1000 E. Venango Street 88-4-107500 215-51 W Erie Avenue 88-4-040500 219 Cecil B Moore Avenue 18-3-019100 221 Cecil B Moore Avenue 18-3-019200 223 Cecil B Moore Avenue 18-3-019300 225 Cecil B Moore Avenue 18-3-019400 300-32 E. Allegheny Ave 88-4-037500 3775 Kensington Avenue 88-4-847300 3800R-60 N 2nd Street 88-4-038510 956 E. Erie Avenue 88-4-108500 4508-46 N. 10th Street 78-5-607010 4511-49 N. 11th Street 78-5-607040 4600-50 N. 9th Street 78-5-301300 4600-54 N. 10th Street 78-5-607020 4601-55 N. 10th Street 78-5-301500 4601-55 N. 11th Street 78-5-607050 4608-26 N. 8th Street 78-5-301100 4700-62 N. 08th Street 78-5-606930 4710-50 N. Marshall Street 78-5-606900 4711-61 N. 11th Street 78-5-607060 4712-64 N. 10th Street 78-5-607070 4712-64 N. 9th Street 78-5-300700 4712-64 N. 9th Street 78-5-300700 4714-66 N. 07th Street 78-5-606910 4715-55 N. Marshall Street 78-5-300100 4715-65 N. 08th Street 78-5-606920 4715-65 N. 10th Street 78-5-300900 701-41 Roosevelt Boulevard 78-5-300300 901-39 Roosevelt Boulevard 78-5-300500 300 E. Godfrey Avenue 88-4-116095 13000 McNulty Rd. 88-4-292588 2703 Black Lake Place 88-5-090100 2301 W. Hunting Park Avenue 88-4-127500 233-63 W. Lehigh Avenue 88-2-063740 7777 State Road 88-4-257530 7777R State Road 88-4-257540 2128 N Front Street 88-2-935250 2130 N Front Street 19-1-001300 2132 N Front Street 19-1-001401 2134-36 N Front Street 88-2-935255 2140 N Front Street 19-1-001700 2142 N Front Street 19-1-001810 2206-10 N Front Street 88-2-919846 2239 N Front Street 87-1-139800 456 N 5th Street 88-402-8600 § 19-3202. Definitions. * * * (13) "Zone." The Philadelphia Keystone Opportunity Zone, the Philadelphia Keystone Opportunity Expansion Zone, the Philadelphia Keystone Opportunity Improvement Zone, the Philadelphia Economic Development District, [or] the Philadelphia Strategic Development Area, or the Additional Philadelphia Keystone Opportunity Expansion Zone. § 19-3203. Authorization of Exemption, Abatement or Credits from Certain Taxes. (1) The provisions set forth in subsections (.1) through (.6) below, shall apply as follows: * * * (h.1) effective upon the date of approval by DCED pursuant to the Act of February 14, 2012, P.L. 183, No. 16, and continuing through and including the date ten years after such approval, with respect to real property or business activity, as applicable, attributable to those parcels in the Keystone Opportunity Zone added thereto by the enactment of subsections (1)(k)(.1) and (.2) of Section [19-3201:] 19-3201; (i) effective January 1, 2017, and continuing through and including December 31, 2026, with respect to real property or business activity, as applicable, attributable to those parcels in the Additional Keystone Opportunity Expansion Zone established by the enactment of subsection (6) of Section 19-3201: * * * SECTION 2. Where this Ordinance authorizes designation of a subparcel for abatements or exemptions, the authorization is contingent on formal subdivision of the property so that the subparcel becomes a separate parcel, with a unique OPA number. SECTION 3. This Ordinance shall be effective upon approval by the Commonwealth Department of Community and Economic Development of an application for the establishment of an additional Keystone Opportunity Expansion Zone, as provided for in the Act of 2016, P.L. 526, No. 84, and only with respect to parcels within such boundaries as are approved therein, and only for such period of time as the Commonwealth provides for exemptions, abatements or credits with respect to sales and use tax, personal income tax, corporate net income tax and capital stock franchise tax for businesses and residents in such zone, as set forth in The Pennsylvania Keystone Opportunity Zone Act, Act of October 6, 1998, P.L. 705, No. 92, as amended. ___________________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End 1