Pennsylvania SB1277 amends the Local Economic Revitalization Tax Assistance Act to authorize tax exemptions for deteriorated property and new.
Pennsylvania SB1277 amends the Local Economic Revitalization Tax Assistance Act to authorize local taxing authorities to provide tax exemptions for deteriorated property and new construction in economically depressed communities. The bill specifies that a deteriorated property is one located in a deteriorating area or subject to a government order for vacating, condemning, or demolishing due to noncompliance with laws or regulations.
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