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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StatePennsylvania
Reporting JurisdictionPequea Valley School District
Jurisdiction type: School district
Fiscal year ending In2019
Program nameKeystone Opportunity Zone (KOZ)
Program purpose: General Economic Development
Statutory authority: Keystone Opportunity Zone Act
Abating jurisdiction(s): Pequea Valley School District
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: If the initial qualified business relocates within the first five years, the qualified business shall refund to the School District the real estate tax from which it was exempted based on percentages set forth in the Act, unless waived pursuant to the Act.
Gross revenue loss: $138,000
Reimbursement / offset: $0
Net revenue loss: $138,000
Type of loss: Active
Additional notes on dislosureAgreement started in 2014.
Document sourcehttps://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe...