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: | Pennsylvania |
Jurisdiction type: | State |
| Fiscal year ending In: | 2022 |
| Program name: | Keystone Opportunity Zone Program (KOZ) |
| Program purpose: | General Economic Development |
| Statutory authority: | Chapter 16B of the Pennsylvania Keystone Opportunity Zone Act |
| Abating jurisdiction(s): | State of Pennsylvania |
| Applicable taxes: | Corporate Income Tax; Personal Income Tax; Bank and Trust Company Shares Tax; Insurance Premium Tax; Sales and Use Tax; Mutual Thrift Institutions Tax |
| Method of abatement: | Tax waiver |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $110,000,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $110,000,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe... |
