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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Philadelphia
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameKeystone Opportunity Zone (KOZ) Real Estate Tax Credit
Program purpose: General Economic Development
Statutory authority: Chapter § 19-3200
Abating jurisdiction(s): State of Pennsylvania
Applicable taxesReal Estate Tax
Method of abatement: Tax abatement; Tax Credit; Tax Exemption
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $10,323,993
Reimbursement / offset: $0
Net revenue loss: $10,323,993
Type of loss: Passive
Additional notes on dislosure(none)