PASSED

This enacted ordinance renamed the city’s tax-incentive chapter and established a Philadelphia Strategic Development Area in parts of the 35th Ward near Langdon Street, Godfrey Avenue, Summerdale Avenue, and Whitaker Avenue. It provided contingent exemptions, abatements, or credits for certain city taxes for qualifying businesses and residents in the area, subject to requirements including specific types of business activity and job creation or capital investment; the benefits were tied to state authorization and were scheduled through December 31, 2022.

Amending Chapter 19-3200, entitled "Keystone Opportunity Zone and Economic Development District," by renaming said Chapter "Keystone Opportunity Zone, Economic Development District, And Strategic Development Area," to provide for the contingent exemption, abatement or credit of certain taxes within a specified geographic area, under certain terms and conditions.