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BillENACTED

Bill 240470

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 May 16, 2024Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Properties named in this bill

Addresses the bill text names, each matched to one Philadelphia parcel. Naming a property is not a claim that the bill is about it.

How members voted

From the floor

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

  1. “…l members having voted in the affirmative, the bill passes. Will the Clerk please read the title of Bill No. 240470.”

    Council President Johnson · Stated Meeting, June 13, 2024 · Jun 13, 2024 · official transcript, this passage

  2. “… Human Services, relating to such hospital assessments; all under certain terms and conditions; and Bill No. 240470, entitled Amending Chapter 19-3200 of The Philadelphia Code, entitled "Keystone Opportunity Zone, Economic Development District and Area," to provide for additional extensions of certain benefits, under certain terms and conditions; and Bill No. L. 1449, Section 4, as amended, to prevent and eliminate b…”

    Chief Clerk · Stated Meeting, June 6, 2024 · Jun 6, 2024 · official transcript, this passage

Status timeline

  1. May 16, 2024
    Introduced and Referred · CITY COUNCIL

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

  2. Jun 5, 2024
    HEARING NOTICES SENT · Committee on Finance

    This Bill was HEARING NOTICES SENT.

  3. Jun 5, 2024
    HEARING HELD · Committee on Finance

    This Bill was HEARING HELD.

  4. Jun 5, 2024
    AMENDED · Committee on Finance

    This Bill was AMENDED.

  5. Jun 5, 2024
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  6. Jun 6, 2024
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  7. Jun 6, 2024
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

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

  8. Jun 6, 2024
    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.

  9. Jun 13, 2024
    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:

  10. Jun 26, 2024
    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 * * * � 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 * * * (kkkk) 5800 Eastwick Avenue 88-5-484460 (llll) 5900 Eastwick Avenue 88-5-484880 (mmmm) 5946 Eastwick Avenue 88-5-485860 (nnnn) 6000 Eastwick Avenue 40-2-293920 (oooo) 6050 Eastwick Avenue 88-5-485040 (pppp) 1761 N. 49th Street 88-5-897390 (qqqq) 3025 John F. Kennedy Blvd., Office 1 88-3-000060 (rrrr) 3025 John F. Kennedy Blvd., Office 2 88-3-000061 (ssss) 3025 John F. Kennedy Blvd., Office 3 88-3-000062 (tttt) 3025 John F. Kennedy Blvd., Office 4 88-3-000063 (uuuu) 3025 John F. Kennedy Blvd., Office 5 88-3-000064 (vvvv) 3025 John F. Kennedy Blvd., Office 6 88-3-000065 (wwww) 120 Rouse Blvd. 88-3-000015 (xxxx) 1200 Intrepid Avenue, Unit 2 88-3-000029 (yyyy) 1201 Normandy Avenue 88-3-000017 (zzzz) 255 Rouse Blvd. 88-5-764460 * * * 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. ..End 2