PASSED

The enacted ordinance extends the period of tax exemptions, abatements, or credits for certain properties in Philadelphia’s Keystone Opportunity Zones and economic development districts, subject to approval by Pennsylvania’s Department of Community and Economic Development. It applies to specified parcels in areas including Byberry Industrial Park, the American Street Corridor, the Central Delaware River, and the lower Delaware River, benefiting eligible businesses and residents for the period approved by the Commonwealth.

Amending Chapter 19-3200, entitled "Keystone Opportunity Zone And Economic Development District," by providing for extensions of the term of benefits for certain properties, under certain terms and conditions.