Section 1603-X.2. State tax benefits authorization.
An approved residential revitalization zone shall be utilized primarily for residential redevelopment purposes and the following apply:
(1) An approved residential revitalization zone shall be entitled to all tax exemptions, deductions, abatements or credits under Chapter 5 of the KOZ Act.
(2) Exemptions for sales and use taxes under section 511(a) of the KOZ Act shall commence upon designation under section 1602-X.2(a) and shall continue for 10 years.
(3) In accordance with section 306 of the KOZ Act, a person who is a resident of or a business operating within a parcel in an approved residential revitalization zone shall receive the exemptions, deductions, abatements or credits as provided under Chapter 5 of the KOZ Act for the duration of the approved residential revitalization zone. Exemptions, deductions, abatements or credits shall expire on the date of expiration of the approved residential revitalization zone.
(4) The Department of Revenue shall administer, construe and enforce the provisions of this section in conjunction with Articles II, III, IV, VI, VII, IX and XV of the Tax Reform Code of 1971.
(1603-X.2 added July 12, 2026, P.L.265, No.21)