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Finance Committee narrowly approves local-option tax abatement to incentivize sprinklers in Philadelphia high-rises
Summary
The House Finance Committee voted 15–11 to report a bill that would authorize the city of the first class to create a municipal property tax abatement program to encourage retrofitting residential high-rise buildings with fire sprinkler systems; the measure prompted debate over constitutionality and fiscal impacts.
The House Finance Committee on June 30 reported House Bill 16 68 by a 15–11 vote after lawmakers debated whether to authorize a municipal tax abatement to incentivize retrofitting pre-1991 residential high-rises in the city of the first class.
Representative Bellman, the bill's prime sponsor, told the committee the measure is a local option that would allow the city of the first class to authorize a property tax abatement for retrofitting automatic fire sprinkler systems in residential high-rise buildings. “All…
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