Payments, assistance & taxes

Keystone Opportunity Zone Tax Credit

A Keystone Opportunity Zone (KOZ) is a legislatively designated parcel where little to no development has taken place. Philadelphia offers tax credits to businesses that invest in these areas.


To qualify for Keystone Opportunity Zone Tax Credits, a business must:

  • Own or lease property in one of the designated zones; and
  • Actively conduct a trade, business, or profession in that same designated zone.

The qualified business must receive initial certification from the Pennsylvania Department of Community and Economic Development (DCED). This certification confirms that the business is located in—and is actively engaged in a trade, business, or profession—within the zone. A qualified business must obtain annual renewal of the certification from the DCED to continue to qualify for the tax credits. A copy of the certification must be submitted with any tax return.

The following City taxes qualify for use of Keystone Opportunity Zone tax credits: