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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Requirement.--After compliance reviews have been conducted by appropriate Commonwealth and local authorities, the department shall notify each keystone opportunity zone or keystone opportunity expansion zone applicant by regular mail each year of the department's approval or denial of the applicant's keystone opportunity zone or keystone opportunity expansion zone application. No keystone opportunity zone or keystone opportunity expansion zone applicant is entitled to any tax benefits unless it receives approval from the department.
(b) Notice.--The department shall provide a one-time notification to every current subzone or expansion subzone real property owner by June 1, 2001. Failure to receive departmental notification under this section shall not extend or restrict any benefits or rights real property owners possess under this act.
(c) Transmittal.--The department or its designated official shall, within 15 business days of receipt of a keystone opportunity zone or keystone opportunity expansion zone application made under this act, forward a copy of the application to appropriate Commonwealth and local authorities for review and processing.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 820.906. Notice requirements; state and local authorities. - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-73-ps-trade-and-commerce/pa-st-sect-73-820-906/
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