Section 1799.41-E. Local Economic Revitalization Tax.
(a) County of the second class or city of the second class.--Notwithstanding section 5(b)(1) of the act of December 1, 1977 (P.L.237, No.76), known as the Local Economic Revitalization Tax Assistance Act, in a county of the second class or a city of the second class, the length of the schedule of taxes exempted under the Local Economic Revitalization Tax Assistance Act shall not exceed 20 years.
(b) City of the first class.--
(1) Notwithstanding section 5(b)(1) of the Local Economic Revitalization Tax Assistance Act, the length of schedule of taxes exempted in connection with improvements that convert deteriorated property into residential housing units in a city of the first class under the Local Economic Revitalization Tax Assistance Act shall not exceed 20 years.
(2) The local taxing authority in this subsection may, by ordinance or resolution, adopt requirements applicable to the construction of improvements to property subject to this section which shall be no more restrictive than the provisions of section 1724.1-E(e.1)(4).
(c) (Reserved).
(d) (Reserved).
(e) Definitions.--As used in this section, the term "deteriorated property" shall mean any industrial, commercial or other business property, or property previously used for government purposes, including a school, owned by an individual, association or corporation and located in a deteriorating area, any 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, ordinances or regulations or any of such property that is no longer in use and must be demolished to make residential use economically viable.
(1799.41-E added Nov. 12, 2025, P.L.156, No.45)