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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.

StatePennsylvania
Effected JurisdictionCity of Philadelphia
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameDevelopment Abatement for New or Improved Residential Properties
Program purpose: Construction/rehabilitation
Statutory authority: State Act 175
Abating jurisdiction(s): City of Philadelphia
Applicable taxesReal Estate Tax
Method of abatement: Tax Abatement
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $1,140,665
Reimbursement / offset: $0
Net revenue loss: $1,140,665
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.phila.gov/media/20230322104950/annual-comp-financial-report-...