READ AND PASSED
This enacted ordinance amends Philadelphia’s Keystone Opportunity Zone rules to add specific properties and areas to designated zones or subzones. It authorizes tax exemptions, abatements, or credits for qualifying real property and business activity at certain properties, including extensions of benefits, subject to approval by the Pennsylvania Department of Community and Economic Development and the time limits allowed under state law.
Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," by providing for additional zones or subzones; and by providing for extensions of the term of benefits for certain properties; all under certain terms and conditions.
Action by CITY COUNCIL
A motion was made that this matter be READ AND PASSED. The motion carried by the following vote:
Roll Call
| Member | Vote |
|---|---|
| Bill Green | Yes |
| Blondell Reynolds Brown | Yes |
| Bobby Henon | Yes |
| Brian J. O'Neill | Yes |
| Cindy Bass | Yes |
| Curtis Jones, Jr. | Yes |
| Darrell L. Clarke | Yes |
| David Oh | Yes |
| Dennis M. O'Brien | Yes |
| James F. Kenney | Yes |
| Jannie L. Blackwell | Yes |
| Kenyatta Johnson | Yes |
| Maria D. Quiñones-Sánchez | Yes |
| Mark Squilla | Yes |
| W. Wilson Goode, Jr. | Yes |
| William K. Greenlee | Yes |