READ AND PASSED

This enacted ordinance changes Philadelphia’s green-roof tax credit for Tax Year 2016. It raises the credit from 25% to 50% of eligible construction costs, keeps the maximum at $100,000 per green roof, allows unused credits to carry forward, and limits businesses to one credit set per building; if citywide claims exceed $1 million in a tax year, credits are reduced proportionally.

Amending Subsection 19-2604(8) of The Philadelphia Code, entitled "'Green Roofs' Tax Credit," to change the requirements for the credit and make other technical changes; all under certain terms and conditions.