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 or Territory: | Pennsylvania |
| Effected Jurisdiction: | Pequea Valley School District |
Jurisdiction type: | School district |
| Fiscal year ending In: | 2019 |
| Program name: | Keystone Opportunity Zone (KOZ) |
| Program purpose: | General Economic Development |
| Statutory authority: | Keystone Opportunity Zone Act |
| Abating jurisdiction(s): | Pequea Valley School District |
| Applicable taxes: | Property 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 dislosure: | Agreement started in 2014. |
| Document source: | https://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe... |
