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BillENACTED

Bill 190848

Amending Chapter 19-3200 of The Philadelphia Code, entitled “Keystone Opportunity Zone, Economic Development District, and Strategic Development Area,” to provide for additional extensions of certain benefits, under certain terms and conditions.

Introduced Oct 31, 2019Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Councilmember BlackwellCouncilmember Squilla

How members voted

  1. Vote on Dec 12, 2019 · CITY COUNCIL

    Aye (16)

    Council President ClarkeCouncilmember SquillaCouncilmember JohnsonCouncilmember BlackwellCouncilmember JonesCouncilmember HenonCouncilmember Quiñones SánchezCouncilmember BassCouncilmember ParkerCouncilmember O'NeillCouncilmember DombCouncilmember GreenCouncilmember GreenleeCouncilmember OhCouncilmember Reynolds BrownCouncilmember Taubenberger

    Nay (1)

    Councilmember Gym

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “The Committee on Finance, which is referred Bill No. 190848, entitled "An ordinance amending Chapter 19-3200 of The Philadelphia Code entitled 'Keystone Opportunity Zone, Economic Development District and Strategic Development Area,' to provide for additional extensions of certain benefits;" and Bill No. 190850, entitled "An ordinance authorizing the Office of the City Treasurer on behalf of the City to enter into on…”

    Chief Clerk · Stated Meeting, December 5, 2019 · Dec 5, 2019 · official transcript, this passage

Status timeline

  1. Oct 31, 2019
    Introduced and Referred · CITY COUNCIL

    This Bill was Introduced and Referred.to the Committee on Finance

  2. Dec 3, 2019
    HEARING NOTICES SENT · Committee on Finance

    This Bill was HEARING NOTICES SENT.

  3. Dec 3, 2019
    HEARING HELD · Committee on Finance

    This Bill was HEARING HELD.

  4. Dec 3, 2019
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  5. Dec 5, 2019
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  6. Dec 5, 2019
    READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL

    This Bill was READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR.

  7. Dec 5, 2019
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

    This Bill was ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR.

  8. Dec 12, 2019
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

    A motion was made that this Bill be READ AND PASSED. The motion carried by the following vote:

  9. Dec 30, 2019
    SIGNED · MAYOR

    This Bill was SIGNED.

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District, and Strategic Development Area," to provide for additional extensions of certain benefits, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Chapter 19-3200 of The Philadelphia Code is hereby amended to read as follows: CHAPTER 19-3200. KEYSTONE OPPORTUNITY ZONE, ECONOMIC DEVELOPMENT DISTRICT, AND STRATEGIC DEVELOPMENT AREA * * * � 19-3203. Authorization of Exemption, Abatement or Credits from Certain Taxes. * * * (5) The benefits provided for in subsection (1)(j) shall apply to: Street Address OPA Account Number * * * (G1) 4101-23 Market Street 885129504 (H1) 225 North 38th Street 885631800 (I1) 3400 Market Street 885646662 (J1) 3800-14 Market Street 774688300 (K1) 3816-40 Market Street 885045600 (L1) 1325 Beach Street 884351717 * * * SECTION 2. This Ordinance shall be effective upon approval by the Commonwealth Department of Community and Economic Development of an application for the extension of benefits with respect to certain parcels, and only with respect to such parcels for which an extension is granted, and only for such period of time as the Commonwealth provides for exemptions, abatements or credits with respect to sales and use tax, personal income tax, corporate net income tax and capital stock franchise tax for businesses and residents on such parcels, all as set forth in Section 301.3(a)(1)(iii) of the Act of October 6, 1998 (P.L. 705, No. 92), known as the Keystone Opportunity Zone, Keystone Opportunity Expansion Zone and Keystone Opportunity Improvement Zone Act, and related legislation. ___________________________________ Explanation: Italics indicate new matter added. ..End