Pennsylvania HB1446 authorizes tax exemptions for redevelopment of underutilized shopping malls into mixed-use spaces, establishes an advisory.

HB1446, the Economic Development and Mixed-Use Redevelopment of Shopping Malls Act, allows local taxing authorities to provide tax exemptions for the redevelopment of underutilized shopping malls into mixed-use spaces. The act establishes the Economic Development and Mixed-Use Redevelopment Advisory Committee within the State Planning Board to provide guidance and best practices for redevelopment. The committee includes members with expertise in real estate development, municipal planning, and economic development.

Pennsylvania HB1446 authorizes tax exemptions for redevelopment of underutilized shopping malls into mixed-use spaces, establishes an advisory.

HB1446, the Economic Development and Mixed-Use Redevelopment of Shopping Malls Act, allows local taxing authorities to provide tax exemptions for the redevelopment of underutilized shopping malls into mixed-use spaces. The act establishes the Economic Development and Mixed-Use Redevelopment Advisory Committee within the State Planning Board to provide guidance and best practices for redevelopment. The committee includes members with expertise in real estate development, municipal planning, and economic development.