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: | 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) |