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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 In2020
Program nameCommunity Development Corporation (CDC) Tax Credit
Program purpose: General Economic Development
Statutory authority: Chapter § 19-2604 (7)
Abating jurisdiction(s): City of Philadelphia
Applicable taxesBusiness Income and Receipt Tax
Method of abatement: Tax Credit
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $3,222,800
Reimbursement / offset: $0
Net revenue loss: $3,222,800
Type of loss: Active
Additional notes on dislosure(none)