Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8911-D. Additional keystone opportunity zones

(a) Establishment.--In addition to any designations under section 301.1 of the KOZ Act,  1 the department may designate up to 12 additional keystone opportunity expansion zones that will create new jobs in accordance with this section.  Each additional keystone opportunity expansion zone shall:

(b) Authorization.--Persons and businesses within an additional keystone opportunity expansion zone authorized under subsection (a) shall be entitled to all tax exemptions, deductions, abatements or credits set forth under this section and exemptions for sales and use tax under section 511(a) or 705(a) of the KOZ Act   2 for a period of 10 years.  Exemptions for sales and use taxes under sections 511 and 705 of the KOZ Act shall commence upon issuance of a certificate under section 307 of the KOZ Act by the department.

(c) Application.--In order to receive a designation under this section, the department must receive an application from a political subdivision or its designee no later than October 1, 2018.  The application must contain the information required under section 302(a)(1), (2)(i) and (ix), (5) and (6) of the KOZ Act.   3  The department, in consultation with the Department of Revenue, shall review the application and, if approved, issue a certification of all tax exemptions, deductions, abatements or credits under this act for the zone within three months of receipt of the application.  The department shall act on an application for a designation under section 302(a)(1) of the KOZ Act by December 31, 2018.  The department may make designations under this section on a rolling basis during the application period.

(d) Additional eligibility.--A parcel previously included in an application submitted for designation in a city of the first class prior to the effective date of this subsection that previously complied with all requirements of section 302 of the KOZ Act shall be eligible for designation as a zone under this section if the parcel was acquired by a new owner and will be used for a higher and better use or will provide greater levels of job creation or investment.

(e) Applicability.--All exemptions, deductions, abatements and credits authorized under the KOZ Act shall apply to the parcels for a period of 10 years.