In 2019, Philadelphia City Council announced a major change to the 10-year tax abatement for residential development. The 20-year-old program that originally encouraged residential development in the city will drastically reduce incentives for new homeowners and developers—but now they don't go into effect until 2022. Here's what you need to know about the 10-year tax abatement changes and other development tax bills that recently passed.
In 2019, Philadelphia City Council announced a major change to the 10-year tax abatement for residential development. The 20-year-old program that originally encouraged residential development in the city will drastically reduce incentives for new homeowners and developers—but now they don't go into effect until 2022. Here's what you need to know about the 10-year tax abatement changes and other development tax bills that recently passed.
In 2019, Philadelphia City Council announced a major change to the 10-year tax abatement for residential development. The 20-year-old program that originally encouraged residential development in the city will drastically reduce incentives for new homeowners and developers—but now they don't go into effect until 2022. Here's what you need to know about the 10-year tax abatement changes and other development tax bills that recently passed.
