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Allegheny County, PA
 
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Table of Contents
Code
New Laws (6) Index
[Adopted 2-20-2001 by Ord. No. 15-01]
The County Council of Allegheny County does hereby find that the specific geographic area spanning the City of Pittsburgh, bounded and described on Exhibit A, attached hereto,[1] which area is referred to herein as the Proposed Keystone Opportunity Expansion Subzone, constitutes a deteriorated property under the Act.[2]
[1]
Editor's Note: Exhibit A is on file in the County offices and is available for inspection during regular office hours.
[2]
Editor's Note: See 73 P.S. § 820.101 et seq.
A. 
All real property located within the proposed Keystone Opportunity Expansion Subzone is hereby exempted from the payment of Allegheny County real property taxes subject to the provisions and limitations hereinafter set forth in this article.
B. 
All persons and corporations operating businesses located in the proposed Keystone Opportunity Expansion Subzone which purchase "tangible personal property or services", as those terms are defined in Article II of the Tax Reform Code of 1991, 72 P.S. § 7201 et seq., for use consumption, and utilization only with the proposed Keystone Opportunity Expansion Subzone shall be exempted from paying the County's 1% Sales and Use Tax as levied by the County pursuant to authority granted under 16 P.S. § 6152-B of the Second Class County Code.
A. 
The tax exemptions granted under this article shall be for a period of 10 years commencing January 1, 2001, and ending December 31, 2010.
B. 
The tax exemption for County real estate taxes granted under this article shall be 100% of the County's real property taxation on the assessed valuation of the real property located within the proposed Keystone Opportunity Expansion Subzone.
Eligibility for exemptions shall be available to those businesses and residents who are in compliance with the provisions of the Act.[1]
[1]
Editor's Note: See 73 P.S. § 820.101 et seq.
This article shall be subject to and shall be interpreted in accordance with the provisions of the Keystone Opportunity Expansion Zone Act.[1]
[1]
Editor's Note: See 73 P.S. § 820.101 et seq.
The exemption from real property taxation authorized by this article shall be upon the property exempted and not transferable. Within 30 days of the transfer of ownership of the real property subject to abatement, the new owner requesting real property tax abatement must do so in accordance with the provisions of the Act.
Upon approval by Department of Community and Economic Development (DCED) of the County's application with respect to the Proposed Keystone Opportunity Expansion Subzone, this article shall enter into full force and effect retroactive to January 1, 2001.
This article shall expire December 31, 2010.