[Res. 2015-01, 7/13/2015]
Unless the context specifically and clearly indicates otherwise,
the meaning of terms and phrases used in this Part shall be as follows:
The Local Economic Revitalization Tax Assistance Act of the
Commonwealth, Act No. 1977-76, as amended and supplemented.[1]
The Borough of Bristol, Bucks County, Pennsylvania, acting
by its Council or, in appropriate cases, acting by and through its
authorized representatives.
The Commonwealth of Pennsylvania.
The County of Bucks, Pennsylvania, acting by and through
its Board of County Commissioners or, in appropriate cases, acting
by and through its authorized representatives.
Any industrial, commercial or other business property owned
by an individual, association or corporation and located in a deteriorating
area, as hereinafter provided, or any such property which has been
the subject of an order by a government agency requiring the unit
to be vacated, condemned or demolished by reason of noncompliance
with laws, ordinance or regulations.
Any industrial, commercial or other business property located
in the Mill Run Property.
Repair, construction, or reconstruction, including alterations
and additions, having the effect of rehabilitating a deteriorated
property so that it becomes habitable or attains higher standards
of safety, health, economic use or amenity, or is brought into compliance
with laws, ordinances or regulations governing such standards. Ordinary
upkeep and maintenance shall not be deemed an improvement.
The Borough of Bristol, the County of Bucks and the Bristol
Borough School District.
The area within the Borough identified as Tax Parcels 4-24-73 and 4-24-36, as further declared in § 24-603 of this Part.
Any individual, partnership, company, association, society,
trust, corporation, municipality, municipal authority, or other group
or entity.
The Bristol Borough School District, Bucks County, Pennsylvania,
acting by its Board of School Directors or, in appropriate cases,
acting by and through its authorized representatives.
[1]
Editor's Note: See 72 P.S. § 4722 et seq.
[Res. 2015-01, 7/13/2015]
This Part applies to Tax Parcels 4-24-73 and 4-24-36, otherwise
known as the "Mill Run Property," shown on the map attached hereto
as Exhibit A.[1]
[1]
Editor's Note: Exhibit A is on file in the Borough offices.
[Res. 2015-01, 7/13/2015]
1.
There is hereby exempted from all real property taxation of the local
taxing authority that portion of the additional assessment attributable
to the actual costs of new construction upon, or improvements to,
eligible property for which proper application has been made in accordance
with this Part, subject to the limitations hereinafter set forth.
2.
The exemption authorized by this Part shall be in accordance with
the provisions and limitations hereinafter set forth.
3.
The schedule of real property taxes to be exempted shall be in accordance
with the following percentage of the assessed valuation of new construction
or improvements to eligible property:
|
Tax Year(s) Following
Completion of Construction
|
Exemption Portion
of Assessed Valuation
|
|---|---|
|
1
|
100%
|
|
2
|
90%
|
|
3
|
80%
|
|
4
|
70%
|
|
5
|
60%
|
|
6
|
50%
|
|
7
|
40%
|
|
8
|
30%
|
|
9
|
20%
|
|
10
|
10%
|
4.
A tax exemption granted under this Part shall become effective for
a ten-year period from the date of issuance of a certificate of occupancy
for any improvements.
5.
A tax exemption granted under this Part shall be upon the property
exempted and shall not terminate upon the sale or exchange of the
property.
6.
Any person who is an owner of eligible property and who desires tax
exemption pursuant to this Part with respect to new construction or
improvements on an eligible property shall apply in writing for such
exemption, on a form to be provided by the Borough, at the address
set forth on such form, or if no address is set forth thereon, at
the principal office of the Borough of Bristol, and must be received
by the Borough within 60 days following the date of issuance of a
building permit for the new construction or improvements with respect
to which exemption is desired or, if no building permit is required
and no other notification of new construction or improvements is required
to be given to the Borough, within 60 days following commencement
of construction.
7.
The Borough shall make available to any person desiring to apply
for a tax exemption in accordance with this Part an application form
(the "application"), which shall require such person to supply the
following information:
A.
The name of the owner or owners of the eligible property;
B.
The location of the eligible property, including the tax parcel identification
number or numbers assigned to such property for real property tax
purposes;
C.
The type of new construction or improvements to be made on the eligible
property;
D.
The nature of the improvements to be made on the eligible property;
E.
The date on which the relevant building permit was issued or, if
no building permit is required, the date on which construction commenced
or the estimated date on which it shall commence, as appropriate;
F.
The cost or estimated cost of the new construction or improvements;
G.
Such additional information as the Borough may reasonably require.
8.
The appropriate official of the Borough shall forward a copy of such
completed application to the county and school district within 60
days following the date on which such application is filed with the
Borough, together with a request or authorization to such board or
other appropriate assessment agency that, following completion of
the new construction of improvements, in accordance with LERTA, it
assesses the subject property in accordance with this Part and gives
appropriate notice to the Borough and the taxpayer.
9.
Appeals from the reassessment of an eligible property and the amounts
eligible for exemption may be taken by the taxpayer or the Borough
as provided by law. However, the taxpayer receiving the exemption
shall not appeal the base assessment during the period of the tax
exemption.
10.
The cost of new construction or improvements to be exempted and the
schedule of taxes exempted at the time of an initial request for tax
exemption made in accordance with the further provisions of the Part
shall be applicable to that exemption request, and any subsequent
amendment to this Part, if any, shall not apply to applications filed
with the Borough prior to its adoption.
[Res. 2015-01, 7/13/2015]
The provisions of this Part shall expire upon the fifth anniversary
of its enactment, unless extended by resolution duly adopted. Any
property tax exemptions granted under the provisions of this Part
shall be permitted to continue according to the exemption schedule
even if this Part expires or is repealed.[1]
[1]
Editor's Note: The provisions of this part were extended to
July 31, 2025 by Res. No. 2020-14, adopted 7/13/2020.
