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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| HOUSE BILL |
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| INTRODUCED BY M. O'BRIEN, JOSEPHS, CLYMER, McGEEHAN, BEYER, GOODMAN, HALUSKA, KORTZ, KOTIK, SIPTROTH, WALKO, YOUNGBLOOD, J. TAYLOR, MILNE AND DeLUCA, FEBRUARY 13, 2009 |
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| REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 13, 2009 |
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| AN ACT |
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1 | Amending the act of December 1, 1977 (P.L.237, No.76), entitled, |
2 | as amended, "An act authorizing local taxing authorities to |
3 | provide for tax exemption for certain deteriorated |
4 | industrial, commercial and other business property and for |
5 | new construction in deteriorated areas of economically |
6 | depressed communities; providing for an exemption schedule |
7 | and establishing standards and qualifications," further |
8 | defining deteriorated property. |
9 | The General Assembly of the Commonwealth of Pennsylvania |
10 | hereby enacts as follows: |
11 | Section 1. The definition of "deteriorated property" in |
12 | section 3 of the act of December 1, 1977 (P.L.237, No.76), known |
13 | as the Local Economic Revitalization Tax Assistance Act, is |
14 | amended to read: |
15 | Section 3. Definitions. |
16 | The following words and phrases when used in this act shall |
17 | have, unless the context clearly indicates otherwise, the |
18 | meanings given to them in this section: |
19 | "Deteriorated property." Any industrial, commercial or other |
20 | business property owned by an individual, association or |
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1 | corporation, and located in a deteriorating area, as hereinafter |
2 | provided, or any such property which has been the subject of an |
3 | order by a government agency requiring the unit to be vacated, |
4 | condemned or demolished by reason of noncompliance with laws, |
5 | ordinance or regulations, provided that no portion of the |
6 | property may be used as a "licensed facility" as defined in 4 |
7 | Pa.C.S. § 1103 (relating to definitions) or any similar type of |
8 | facility authorized under State law. |
9 | * * * |
10 | Section 2. This act shall take effect in 60 days. |
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