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?

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...

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