Tag: tax abatement
Kendra Brooks: Undo structural racism by nixing Philly’s 10-year tax abatement
City Council’s lone independent legislator has called for wiping out the city’s 10-year property tax abatement.
4 years ago
Equitable or not enough? Philly Council just changed the 10-year tax abatement
After weeks of heated debate, City Council passed a bill reducing the value of Philly’s 10-year property tax abatement on new residential construction.
4 years ago
City Council caves to mayor’s threat, agrees to push back abatement reform
City Council passed the amended bill, which pushes back implementation of the abatement reform to Dec. 31, 2020.
4 years ago
Philly Council moves to phase down abatement after abandoning cap on tax break
A bill that aims to “phase down” Philadelphia’s controversial 10-year tax abatement on residential construction got introduced at City Council Thursday.
4 years ago
Philly Council rushing to close deal on 10-year tax abatement before 2020
Philadelphia’s 10-year property tax abatement on residential construction could be dramatically different by the end of this year.
4 years ago
Who benefits? Philadelphia leads largest cities in property tax breaks
Philadelphia’s real estate tax breaks benefit some of the wealthiest in the city, a Tribune analysis of property records shows.
5 years ago
Who benefits most from Philly’s tax abatement? Center City developers
The lion’s share of revenue lost to Philly’s tax abatement is tied to large commercial real estate projects, not single-family homes.
5 years ago
Why Philadelphia punted on tax abatement reform … again
Despite resounding calls for changing the tax subsidy, none of the six pending proposals for reform have moved forward.
5 years ago
Activists file ethics complaint against Allan Domb
Opponents of Philly’s 10-year tax abatement filed an ethics complaint against Councilman Domb, claiming that he shouldn’t make decisions about the policy.
5 years ago
Allan ‘Condo King’ Domb targeted by critics of Philly property tax abatement
A group of activists wants Allan Domb out of City Council. They say he shouldn’t be making decisions about development policy because of his lucrative second job.
5 years ago
Most Philly Council candidates oppose the 10-year tax abatement
Philadelphia’s tax break for new construction has become a rallying cry among the 46 City Council candidates that will be on the primary ballot in May.
5 years ago
Domb proposes 10-year tax abatement reform
City Councilman Allan Domb has introduced legislation to shrink — but not substantially change — the controversial tax break.
5 years ago