§ 820.301g. Expansion for new job creation
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and CommerceEffective: February 14, 2012
Effective: February 14, 2012
73 P.S. § 820.301g
§ 820.301g. Expansion for new job creation
(a) Expansion.--The department may approve an application to expand the area of a keystone opportunity zone, keystone opportunity expansion zone or keystone opportunity improvement zone or subzone to include additional parcels that are deteriorated, underutilized or unoccupied on the effective date of this section and which are contiguous to the existing zone, not to exceed 15 acres, if the expansion approval is expected to increase job creation or capital investment. All exemptions, deductions, abatements and credits under this act shall be extended to the new parcels for a period of ten years following approval of the expansion of the keystone opportunity zone, keystone opportunity expansion zone or keystone opportunity improvement zone.
(i) Contain the information required under section 302(a)(1), (2), (3), (5) and (6).1
(ii) Include all ordinances, resolutions or other required action adopted by all political subdivisions in which the unoccupied, deteriorated or underutilized parcel is located adopting the expansion of the zone and the extension of all tax exemptions, deductions, abatements and credits authorized under Chapter 7.2
Credits
1998, Oct. 6, P.L. 705, No. 92, § 301.7, added 2012, Feb. 14, P.L. 183, No. 16, § 2, imd. effective.
73 P.S. § 820.301g, PA ST 73 P.S. § 820.301g
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document |