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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 In2017
Program nameCommunity Develop Corp (CDC) Tax Credit
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): Philadelphia
Applicable taxesBusiness Income & Receipts Tax
Method of abatement: (not specified)
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $4,607,653
Reimbursement / offset: $0
Net revenue loss: $4,607,653
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe...