Tax Incentives Offered to Encourage Development in Philadelphia
Martin J. Doyle and Igor Pleskov, partner and associate, respectively, in the Real Estate Department, write about Philadelphia's tax structure, which has been a hotly debated issue in light of the city’s budget woes. In the article, they address the push and pull that exists between increasing taxes and alienating business development in Philadelphia.
The article outlines several tax incentives designed to encourage development in the city, including two options for real estate developers: Tax abatements and Tax Increment Financing (TIF).
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