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.
* * *
(8)The following parcels shall collectively constitute the 2018 Philadelphia Keystone Opportunity Expansion Zone:
Street Address
OPA Number
(a)1224-28 Frankford Avenue
884587800
182010310
884122700
885904640
884138714
885987000
(g)3775 Kensington Avenue
884847300
(h)3700-40 Kensington Avenue
884110700
(i)3800R-60 N. 2nd Street
884038510
884108500
(k)1801 E. Huntingdon Street
882020560
(l)1807-1827 E. Huntingdon Street
884715100
(m)5000 Summerdale Avenue
885895040
885924002
885090100
885164620
885164760
885931000
182000900
182001010
884040500
(v)219-225 Cecil B Moore Ave
885179020
882063740
885900087
885200660
885200680
(aa)
2134-36 N Front Street
885900097
(bb)
2140 N Front Street
885200720
(cc)
2142 N Front Street
885201000
(dd)
2900 N 17th Street
881427020
(ee)
2275 Bridge Street Unit 101
884529140
(ff)
2275 Bridge Street Unit 201A
884529236
(gg)
2275 Bridge Street Unit 201 B
884529237
(hh)
2275 Bridge Street Unit 201 C
884529238
(ii)
2275 Bridge Street Unit 202 A
884529241
(jj)
2275 Bridge Street Unit 202 B
884529242
(kk)
2275 Bridge Street Unit 202 C
884529243
(ll)
2275 Bridge Street Unit 202 D
884529244
(mm)
2275 Bridge Street Unit 208 A
884529246
(nn)
2275 Bridge Street Unit 208 B
884529247
(oo)
2275 Bridge Street Unit 208 C
884529248
(pp)
2275 Bridge Street Unit 208 D
884529249
(qq)
2275 Bridge Street Unit 208 E
884529261
(rr)
2275 Bridge Street Unit 208 F
884529262
(ss)
2275 Bridge Street Unit 209 A
884529251
(tt)
2275 Bridge Street Unit 209 B
884529252
(uu)
2275 Bridge Street Unit 209 C
884529253
(vv)
2275 Bridge Street Unit 209 D
884529254
(ww)
2275 Bridge Street Unit 209 E
884529263
(xx)
2275 Bridge Street Unit 209 F
884529264
(yy)
2275 Bridge Street Unit 210 A
884529256
(zz)
2275 Bridge Street Unit 210 B
884529257
(A1)
2275 Bridge Street Unit 210 C
884529258
(A2)
2275 Bridge Street Unit 210 D
884529259
(A3)
2275 Bridge Street Unit 210 E
884529266
(A4)
2275 Bridge Street Unit 210 F
884529267
(A5)
246-72 W Berks Street
884080100
(A6)
5000 Flat Rock Road
884084504
(A7)
2500 N American Street
885182573
(A8)
2501 N American Street
885182580
(A9)
2730 N American Street
885250320
(A10)
1325 Beach Street
884351717
(A11)
2700-34 N Broad Street
884067000
(A12)
2801-11 N American Street
885250000
(A13)
2425-39 N American Street
885935400
(A14)
4518 Wayne Ave
885130500
(A15)
133 Berkley Street
885827760
(A16)
113-29 Berkley Street
884561100
§ 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, the Additional Philadelphia Keystone Opportunity Expansion Zone, [or] the Additional Philadelphia Keystone Opportunity
Zone, or the 2018 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:
* * *
(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:]
19-3201;
* * *
(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:]
19-3201;
(l) effective January 1, 2019, and continuing through and including December 31, 2028, with respect to real property or business activity, as applicable, attributable to those parcels in the 2018 Keystone Opportunity Expansion Zone established by the enactment of subsection (8) of Section 19-3201:
(.1) Subject to the conditions * * *
* * *
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, as amended by the Act of 2017, P.L. 672, No. 43, 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.
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Explanation:
[Brackets] indicate matter deleted.
Italics
indicate new matter added.
End