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.
| State: | Pennsylvania |
| Effected Jurisdiction: | City of Philadelphia |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Keystone Opportunity Zone (KOZ) Real Estate Tax Credit |
| Program purpose: | General Economic Development |
| Statutory authority: | Chapter § 19-3200 |
| Abating jurisdiction(s): | State of Pennsylvania |
| Applicable taxes: | Real Estate Tax |
| Method of abatement: | Tax abatement; Tax Credit; Tax Exemption |
| Provisions for recapture: | (no provisions for recapture) |
| Gross revenue loss: | $7,106,593 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $7,106,593 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.phila.gov/media/20230322104950/annual-comp-financial-report-... |
