Transmitting a bill amending Chapter 19-3200, entitled "Keystone Opportunity Zone," by renaming said Chapter "Keystone Opportunity Zone and Economic Development District," to provide for the contingent exemption, abatement or credit of certain taxes within a specified geographical area, under certain terms and conditions, accompanied by an explanatory letter from the Director of Commerce.

AI summary

This communication, placed on file, transmits a proposed bill to rename Philadelphia’s “Keystone Opportunity Zone” chapter as the “Keystone Opportunity Zone and Economic Development District.” The proposed bill would provide for contingent exemptions, abatements, or credits on certain taxes in a specified geographic area under stated terms and conditions, and includes an explanatory letter from the Commerce Director.