Bill 170792
Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," to provide for additional extensions of certain benefits, under certain terms and conditions.
Introduced by
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“To the President and members of the Council of the City of Philadelphia, I am pleased to advise you that on November 1, 2017, I signed the following bill which was passed by Council at its session on October 19, 2017: Bill No. 170792. And I am transmitting for the consideration of your honorable body a resolution approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment an…”
Chief Clerk · Stated Meeting, November 2, 2017 · Nov 2, 2017 · official transcript, this passage
“To the President and members of the Council of the City of Philadelphia, the Committee on Finance, to which was referred Bill No. 170792, Stated Meeting October 12, 2017 "An ordinance amending Chapter 19-3200 of The Philadelphia Code, entitled 'Keystone Opportunity Zone, Economic Development District, and Strategic Development Area,' to provide for additional extensions of certain benefits, under certain terms and co…”
Chief Clerk · Stated Meeting, October 12, 2017 · Oct 12, 2017 · official transcript, this passage
“Thank you, Mr. Chair. I move that the rules of Council be suspended so as to permit first reading this day of Bill No. 170792. (Duly seconded.)”
Councilwoman Blackwell · Stated Meeting, October 12, 2017 · Oct 12, 2017 · official transcript, this passage
“It has been moved and properly seconded that the rules of Council be suspended as to permit the first reading of this Bill No. 170792. Stated Meeting October 12, 2017 will signify by saying aye. (Aye.)”
Councilman Henon · Stated Meeting, October 12, 2017 · Oct 12, 2017 · official transcript, this passage
Status timeline
- Sep 21, 2017Introduced and Referred · CITY COUNCIL
- Oct 10, 2017HEARING NOTICES SENT · Committee on Finance
- Oct 10, 2017HEARING HELD · Committee on Finance
- Oct 10, 2017AMENDED · Committee on Finance
- Oct 10, 2017REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
- Oct 12, 2017ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Oct 12, 2017SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Oct 12, 2017READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
- Oct 19, 2017READ AND PASSED · CITY COUNCIL
- Nov 1, 2017SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
Read the full text as published
..Title Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," to provide for additional extensions of certain benefits, 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 hereby amended to read as follows: CHAPTER 19-3200. KEYSTONE OPPORTUNITY ZONE, ECONOMIC DEVELOPMENT DISTRICT, AND STRATEGIC DEVELOPMENT AREA * * * § 19-3203. Authorization of Exemption, Abatement or Credits from Certain Taxes. * * * (5) The benefits provided for in subsection (1)(j) shall apply to: Property Address OPA Account No. * * * (UU) 3800-14 Market Street 774688300 (VV) 3816-40 Market Street 885045600 (WW) 3001 Chestnut Street 885498560 (XX) 3001 John F. Kennedy Blvd. 885734180 (YY) 3003 John F. Kennedy Blvd. 885734780 (ZZ) 3025 John F. Kennedy Blvd. 885734880 (A1) 3051 John F. Kennedy Blvd. 885732500 (B1) 3020-52 Market Street 883071700 (C1) 3001 Market Street 885827620 (D1) 3101 Market Street 885501140 (E1) 3020 Spring Garden Street 875100371 (F1) 3400-34 Market Street 885646660 SECTION 2. Chapter 19-3200 of The Philadelphia Code is hereby amended to read as follows: CHAPTER 19-3200. KEYSTONE OPPORTUNITY ZONE, ECONOMIC DEVELOPMENT DISTRICT, AND STRATEGIC DEVELOPMENT AREA § 19-3201. Designation of Zone. * * * (7) The following parcels shall collectively constitute the Additional Philadelphia Keystone Opportunity Zone: Street Address OPA Number (a) 275 North 38th Street 885632100 (b) 115 North 38th Street 885631680 (c) 225 North 38th Street 885631800 (d) 3675 Market Street 885877421 (e) 3679 Market Street 885877423 (f) 3701 Filbert Street 885634560 (g) 4101 Market Street 882675105 § 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, the Philadelphia Strategic Development Area, [or] the Additional Philadelphia Keystone Opportunity Expansion Zone, or the Additional Philadelphia Keystone Opportunity 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: * * * (k) effective January 1, 2018, or such later date as authorized by the General Assembly, and continuing through and including December 31, 2028, or such other date as authorized by the General Assembly, not to exceed ten years from commencement, with respect to real property or business activity, as applicable, attributable to those parcels in the Additional Keystone Opportunity Zone established by the enactment of subsection (7) of Section 19-3201: * * * SECTION 3. This Ordinance shall be effective as follows: (1) Section 1: Upon approval by the Commonwealth Department of Community and Economic Development of an application for the expansion and extension of certain zones and subzones, as provided for in the Act of February 14, 2012, P.L. 183, No. 16, and only with respect to such expansions and extensions 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. (2) Section 2: Upon approval by the Commonwealth Department of Community and Economic Development of an application for the designation of an Additional Keystone Opportunity Zone or Subzones or zones of a substantially similar nature, as provided for in legislation to be adopted by the General Assembly, and only with respect to such expansions and extensions 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 authorizing legislation of the General Assembly. ___________________________________ Explanation: Italics indicate new matter added. ..End