Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," by providing for further Keystone Opportunity Expansion Zones, under certain terms and conditions.

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.

* * *

Street Address

OPA Number

884587800

182010310

884122700

885904640

884138714

885987000

884847300

884110700

884038510

884108500

882020560

884715100

885895040

885924002

885090100

885164620

885164760

885931000

182000900

182001010

884040500

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.

* * *

Zone, or the 2018 Philadelphia Keystone Opportunity Expansion

Zone.

§ 19-3203. Authorization of Exemption, Abatement or Credits from Certain Taxes.

* * *

(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