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.
| State: | Pennsylvania |
| Effected Jurisdiction: | Allentown School District |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2020 |
| Program name: | Keystone Opportunity Zone (KOZ) |
| Program purpose: | General Economic Development |
| Statutory authority: | 73 Pennsylvania Statutes Sections 820.101-820.1309 |
| Abating jurisdiction(s): | Allentown, PA |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax abatement; tax deduction; 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: | $230,220 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $230,220 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
