§ 4706.1. Legislative findings; declaration of policy
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs
72 P.S. § 4706.1
§ 4706.1. Legislative findings; declaration of policy
It is hereby determined and declared as a matter of legislative finding:
(3) That development of a major multipurpose sports and entertainment complex and accessory uses is most appropriate in a city of the first class, which, because of its size, is capable of retaining and supporting professional as well as amateur sports teams and attracting major national sporting, and musical and cultural events; and that attraction of business and tourism to a city of the first class as a result of the development of such a facility and its accessory uses will be an important factor in the continued encouragement, promotion, attraction, stimulation, development, growth and expansion of business, commerce and tourism within a city of the first class.
(6) That it is appropriate that in a city of the first class, a multipurpose sports and entertainment complex located on public property be exempt from real estate tax in recognition of its public purpose in promoting business, commerce and tourism and providing a location for professional and amateur sporting events and musical, cultural and entertainment events.
Credits
1989, Dec. 21, P.L. 680, No. 88, § 1, imd. effective.
72 P.S. § 4706.1, PA ST 72 P.S. § 4706.1
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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