The Philadelphia City Council enacted an ordinance to amend Chapter 19-3200 of The Philadelphia Code, which governs Keystone Opportunity Zones, Economic Development Districts, and Strategic Development Areas. This amendment provides for additional extensions of various tax benefits, including exemptions, abatements, and credits related to sales and use tax, personal income tax, corporate net income tax, and capital stock franchise tax. These extended benefits apply to businesses and residents located within several specifically listed parcels across the city. The ordinance's effectiveness is contingent upon approval from the Commonwealth Department of Community and Economic Development for the benefit extensions on these parcels. The aim is to continue fostering economic growth and investment in these designated areas.