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This withdrawn bill would have reduced the amount and duration of Philadelphia real estate tax exemptions for qualifying improvements and new construction involving residential, commercial, industrial, and other business properties. It also proposed making exemptions contingent on paying delinquent city or School District taxes and, where applicable, complying with contractor licensing requirements.

Amending Chapter 19-1300 of The Philadelphia Code, entitled "Real Estate Taxes," by reducing the amount of real estate taxes to be exempted for certain improvements to, or construction of, certain residential, commercial, industrial or other business properties; and by reducing the duration of such exemptions; all under certain terms and conditions.