Heard in City Hall: 10-year tax abatement going green?
Heard in City Hall: 10-year tax abatement going green?
Check out this post by Patrick Kerkstra outlining an idea to make the 10-year tax abatement contingent upon Leadership in Energy and Environmental Design (LEED) certification. The tax abatement has come up frequently in light of city budget constraints, with many claiming that it unnecessarily frees wealthy developers from tax requirements while loyal Philadelphia residents continue to pay their property taxes.
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