This bill changes the rules for certain economic development areas in Philadelphia, allowing for extensions of benefits like tax breaks under specific conditions. The bill affects businesses and developers in these areas, as well as the city's overall economic development strategy. It aims to support economic growth and investment in targeted areas of the city.

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.