Presenter
Presented by Ms. Carlisle
AS AMENDED
Title
Resolution contingently exempting real property tax, earned income tax, net profits tax, mercantile and business privilege tax within a specific geographic area in the City of Pittsburgh designated as an enhancement to the Southwestern Pennsylvania Keystone Opportunity Expansion Zone in order to foster economic opportunities, stimulate industrial, commercial and residential improvements and prevent physical and infrastructure deterioration within areas of Allegheny County, Commonwealth of Pennsylvania. (Council Districts 1, 3, 5, 6 and 9).
Body
WHEREAS, the City of Pittsburgh, Pennsylvania recognizes the need to encourage investment in areas within a defined geographical and political boundary in the City of Pittsburgh described on Attachment "A", hereinafter the "Enhanced Area," that is experiencing distress characterized by high unemployment, low investment of new capital, blighted conditions, and underutilized, obsolete or abandoned industrial, commercial and residential structures, and deteriorated tax base; and
WHEREAS, the Pennsylvania Keystone Opportunity Zone and Keystone Opportunity Expansion Act, as amended by Act 217 of 2002, hereinafter referred to as the "Act," authorizes political subdivisions to apply to the Pennsylvania Department of Community and Economic Development (DCED) for designation of an area within the respective political subdivision as an enhancement to an existing Keystone Opportunity Expansion Zone and, as a precondition of such application, to enact a binding resolution that provides within the designated and approved geographic area exemptions, deductions, abatements or credits from all local taxes identified in the Act, which resolution will be contingent only on DCED's approval of the application; and
WHEREAS, enactment of such exemption will result in improving both the economic, physical, and social conditions within the Enhanced Area by stimulating existing businesses' employment, creating new employment and diminishing blight; and
WHEREAS, it is expected that increased private and public-sector investors will reverse the disinvestment and conditions of blight within the Enhanced Area by December 31, 2010, being the exemption period for the Keystone Opportunity Expansion Zone; and
WHEREAS, the City of Pittsburgh is participating in an application to DCED via the Southwestern Pennsylvania Commission seeking approval of an enhancement to the Southwestern Pennsylvania Keystone Opportunity Expansion Zone.
Now, therefore, be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. Effective as of January 1, 2004 until December 31, 2010, contingent only on DCED's approval of the application for the enhancement of the Southwestern Pennsylvania Keystone Opportunity Expansion Zone, the following provisions shall apply:
1. Real property in the Enhanced Area is exempt from property taxes in accordance with the provisions and limitations hereinafter set forth within the boundaries of the Enhanced Area in accordance with the Act, such exemption to run from January 1, 2004 until December 31, 2010.
2. The exemption shall be 100% of the real property taxation on the assessed evaluation of property within the Enhanced Area.
3. Earned income, net profits taxes, business privilege and mercantile taxes. The City of Pittsburgh also waives business gross receipts tax for operations conducted by a qualified business; earned income received by a resident and/or net profits of a qualified business received by a resident or nonresident of the Enhanced Area attributable to business activity conducted within the Keystone Opportunity Expansion Zone.
4. The provisions of the Act not herein enumerated, shall, nevertheless, be incorporated as part of this resolution/ordinance by reference.
5. This resolution/ordinance shall become effective January 1, 2004, contingent and conditioned on the approval by DCED of the application with respect to the Enhanced Area of the Southwestern Pennsylvania Keystone Opportunity Expansion Zone.
Attachment "A"
Enhanced Area
Allentown-Beltzhoover - 18th Ward
217 Beltzhoover Ave 14-E-304
306 Beltzhoover Ave 14-E-64
304 Beltzhoover Ave 14-E-65
300 Beltzhoover Ave 14-E-66
Climax St. 14-E-233
Beltzhoover Ave 14-E-234
Beltzhoover Ave 14-E-235
305 Beltzhoover Ave 14-E-236
604 Industry Street 14-E-201
Central Northside - 22nd and 25th Wards
1513 Federal St 23-F-373
1511 Federal St 23-F-374
1503 Federal St 23-F-377
1501 Federal St 23-F-378
9 Jacksonia St. 23-F-379
7 Jacksonia St. 23-F-379A
1417 Federal St 23-G-1
23-G-2
1413 Federal St 23-G-3
1411 Federal St 23-G-4
1405 Federal St 23-G-7
1403 Federal St 23-G-8
8 Sampsonia Ave 23-G-9
1330 Federal St 23-G-11
1332 Federal St 23-G-12
1408 Federal St 23-G-18
1410 Federal St 23-G-19
1412 Federal St 23-G-20
1414 Federal St 23-G-21
1416 Federal St 23-G-22
1418 Federal St 23-G-23
Reddour St. 23-K-383
Pump Way 23-K-384
Butterfield Way 23-K-385
Mc Nary Way 23-K-386
Reddour St. 23-K-387
Perrysville Avenue and Charles Street - 26th Ward
2548 Perrysville 46-B-80
2542 Perrysville 46-B-82
2539 Perrysville 46-B-113
2531 Perrysville 46-B-114
2533 Perrysville 46-B-115
2535 Perrysville 46-B-116
2537 Perrysville 46-B-117
2539 Perrysville 46-B-118
2601 Perrysville 46-B-119
2603 Perrysville 46-B-121
Perrysville 46-B-123
Garfield - 10th and 11th Wards
305 N. Evaline St 50-L-177
5162 Dearborn St 50-L-286
150 Millvale Ave 50-K-188
Dearborn St 50-K-198
5203 Broad St 50-L-164
5205 Broad St 50-L-163
140 N. Winebiddle St. 50-K-154-01
138 N. Winebiddle St. 50-K-154-02
136 N. Winebiddle St. 50-K-154-03
134 N. Winebiddle St. 50-K-154-04
132 N. Winebiddle St. 50-K-154-05
130 N. Winebiddle St. 50-K-154-06
Fairmont Avenue 83-N-333
5485 Penn Avenue 83-N-340
East Liberty - 7th Ward
Houston Street 84-C-55
Penn Avenue 84-C-57
Houston Street 84-G-14
Houston Street 84-G-14-01
6032 Stevenson Place 84-G-26
Houston Street 84-G-27
Houston Street 84-G-27-01
Highland Ave S 84-F-183
Highland Ave S 84-F-156
Ellsworth Ave 84-F-150
Ellsworth Ave 84-F-141
Hazelwood - 15th Ward
Hazelwood Ave 56-C-334
Hill District - 3rd Ward
1829 Rose St. 11-A-130
1827 Rose St. 11-A-131
1825 Rose St. 11-A-132
1823 Rose St. 11-A-132-a
1821 Rose St. 11-A-132-b
Heldman Street 11-A-135
Kearney Way 11-A-154
Kearney Way 11-A-156
Homewood - 13th Ward
Finance Street 174-N-319
7239 Finance Street 175-A-49
7237 Finance Street 175-A-50
7600 Susquehanna Street 175-B-262
7602 Susquehanna Street 175-B-263
7604 Susquehanna Street 175-B-264
Braddock Ave North 175-B-274
Susquehanna Street 175-B-281
7626 Susquehanna Street 175-B-283
Susquehanna Street 175-B-284
7630 Susquehanna Street 175-B-285
Baxter Street 174-L-269
Brushton Ave. 175-B-288
Brushton Ave. 175-C-128
7618 Finance Street 175-F-254
Finance Street 175-F-256
Finance Street 175-F-260
Larimer - 12th Ward
554 Larimer 124-J-350
558 Larimer 124-J-355
600 Larimer 124-K-68
109 Shetland 124-K-66
602 Larimer 124-K-69
604 Larimer 124-K-71
Larimer 124-K-72
610 Larimer 124-K-73
608 Regis Way 124-K-65
612 Larimer 124-K-74
614 Larimer 124-K-75
Larimer 124-K-75-01
616 Larimer 124-K-76
618 Larimer 124-K-77
6300 Joseph 124-K-78
6302 Joseph 124-K-78-a
6304 Joseph 124-K-78-b
700 Larimer 124-K-79
6305 Joseph St. 124-K-79-a
704 Larimer 124-K-80
Uptown - 3rd Ward
Fifth Ave 11-F-91
Fifth Ave 11-E-127
1915 Fifth Ave 11-E-125
1913 Fifth Ave 11-E-123
1911 Fifth Ave 11-E-121
1907 Colwell St. 11-E-119
1907 Fifth Ave 11-E-117
Colwell St. 11-E-111
1833 Fifth Ave 11-E-109
1831 Fifth Ave 11-E-107
1829 Fifth Ave 11-E-105
1827 Fifth Ave 11-E-103
1824 Fifth Ave 11-E-101
1817 Fifth Ave 11-E-93
1813 Fifth Ave 11-E-89
1807 Fifth Ave 11-E-85
Fifth Ave 11-E-82
1801 Fifth Ave 11-E-81
112 Dinwiddie 11-E-80
114 Dinwiddie 11-E-79
116 Dinwiddie 11-E-77
118 Dinwiddie 11-E-76
120 Dinwiddie 11-E-75
113 Dinwiddie 11-E-70
115 Dinwiddie 11-E-71
Dinwiddie 11-E-72
Dinwiddie 11-E-73
1724 Colwell St. 11-E-69
Colwell St. 11-E-68
1720 Colwell St. 11-E-67
1718 Colwell St. 11-E-66
1716 Colwell St. 11-E-65
1729 Our Way 11-E-65a
1714 Colwell St. 11-E-64
1712 Colwell St. 11-E-63
1710 Colwell St. 11-E-62
Colwell St. 11-E-61
1720 Our Way 11-E-60
1706 Colwell St. 11-E-60a
1704 Colwell St. 11-E-59
1702 Colwell St. 11-E-58
1700 Colwell St. 11-E-57
1654 Colwell St. 11-E-56
1652 Colwell St. 11-E-55
1650 Colwell St. 11-E-54
1646 Colwell St. 11-E-52
1648 Colwell St. 11-E-52a
Colwell St. 11-E-51
1642 Colwell St. 11-E-50
1640 Colwell St. 11-E-49
1636 Colwell St. 11-E-46
Colwell St. 11-E-45
1628 Colwell St. 2-H-150
Our Way 2-H-151
Colwell St. 2-H-149
1622 Colwell St 2-H-147
1615 Colwell St 2-H-328
Covington St 2-H-330-01
Colwell St 2-H-330-02
1631 Colwell St 11-E-375
Colwell St 11-E-364
85 Miller St 11-E-304
Colwell St 11-E-301
1711 Colwell St 11-E-300
1701 Colwell St 11-E-300a
1709 Colwell St 11-E-300b
1713 Colwell St 11-E-299
1717 Colwell St 11-E-298
1715 Colwell St 11-E-298a
1721 Colwell St 11-E-297
1719 Colwell St 11-E-297-a
1721 Kearney Way 11-E-297-b
201 Dinwiddie 11-E-296
Dinwiddie 11-E-295
Dinwiddie 11-E-294
Dinwiddie 11-E-293