Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 18200.302. Local ordinances and resolutions

(a) City action.--In order for an application to be complete, a city of the first class in which a proposed economic development district is to be located must adopt and provide with its application a copy of an ordinance, resolution or other required action from the governing body of the city of the first class that exempts or provides the deductions, abatements or credits required by Chapter 7   1 to qualified businesses upon designation of the property as an economic development district.  The ordinance, resolution or other required action from the governing body of the city of the first class shall suspend any current abatement of real property taxation authorized under the act of December 1, 1977 (P.L. 237, No. 76),   2 known as the Local Economic Revitalization Tax Assistance Act, on the deteriorated property which will comprise the proposed economic development district for the period for which the economic development district will be designated.  All appropriate ordinances and resolutions shall be effective for the period specified in the executive order and shall be binding and nonrevocable on the city of the first class.

(b) School district action.--In addition to the completed application and the ordinance, resolution or other required action required by subsection (a), the city of the first class must submit a copy of an ordinance, resolution or other required action from the governing body of the school district in which the proposed economic development district is located that approves the ordinance, resolution or other required action of the city of the first class exempting or providing the deductions, abatements or credits required under Chapter 7.  All appropriate ordinances and resolutions shall be effective for the period specified in the executive order and shall be binding and nonrevocable on the political subdivisions.

(c) Preemption.--If deteriorated property is designated an economic development district under this act, no political subdivision with taxing jurisdiction over the deteriorated property may impose additional taxes on or provide additional tax exemptions, deductions, abatements or credits for the deteriorated property for the period for which the deteriorated property has been designated an economic development district.