State Designates Tax-Free Zone in Dauphin County
Harrisburg, Pa. - It is a state program designed to boost development in economically depressed neighborhoods. But will it work in Harrisburg?
The Pa. Department of Community and Economic Development has designated nearly 150 properties in a Keystone Opportunity Zone. Most of those properties are located near the Harrisburg Area Community College campus in Midtown.
The program works like this: If one of the designated properties is purchased, the developer doesn't have to pay state taxes on it for ten years. Local taxes would still apply...
http://www.whtm.com/news/stories/0809/649092.html
Thursday, August 13, 2009
PA Forgives Taxes for a Few Luckies
And just how does this comport with the state Constitution, please? What's that?
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