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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.

Effected JurisdictionAllentown School District
Jurisdiction type: School District
Fiscal year ending In2018
Program nameKeystone Opportunity Zone (KOZ)
Program purpose: General Economic Development
Statutory authority: Keystone Opportunity Zone (KOZ) Act, 73 P.S. Sections 820.101-820.1309
Abating jurisdiction(s): City of Allentown, Pennsylvania
Applicable taxesProperty Tax
Method of abatement: Tax Exemption; Tax Credit
Provisions for recapture: If qualified businesses, property owners or residents relocate out of the KOZ within a stipulated period of time, certain percentages of the exemptions, deductions, abatements or credits shall be refunded to the Commonwealth and political subdivision
Gross revenue loss: $560,000
Reimbursement / offset: $0
Net revenue loss: $560,000
Type of loss: Passive
Additional notes on dislosure(none)