2/05/2004

Guess who's putting the "opportunity(/ism)" back in "opportunity" zone? The tax break for that salary could be nearly $50,000 annually for each lawyer. The lawyers will get the break after moving into the Cira Centre, a 28-story office tower planned for the Keystone Opportunity Zone next to 30th Street Station. It is scheduled to open in 2005. Such zones, set up by the state to rebuild poor neighborhoods by attracting firms from outside Philadelphia, have economic-development incentives that include a little-known provision that exempts partnership income - the lawyers' salaries - from taxation.

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