Section 1604-X.2. Applications.
Applications for an approved residential revitalization zone shall comply with the following:
(1) In order to receive a designation under this article, the department must receive an application from an industrial and commercial development authority or a municipality located in a county described under section 1602-X.2(a) between October 1, 2026, and no later than October 1, 2029.
(2) The department, in consultation with the Department of Revenue, shall review applications and, if approved, issue a certificate of all tax exemptions, deductions, abatements or credits under Chapter 5 of the KOZ Act, consistent with section 1603-X.2, within three months of receipt of the application.
(3) The department shall approve or disapprove all applications for residential revitalization Keystone Opportunity Zones before December 31, 2029.
(1604-X.2 added July 12, 2026, P.L.265, No.21)