72 Pa. Stat. § 4712-102
This act shall be construed to authorize local taxing authorities to provide for tax exemption incentives for new construction in deteriorated areas of communities and improvements to certain deteriorated industrial, commercial, business and residential property. In addition, this act shall be construed to allow for mixed-use housing and development in accordance with zoning ordinances within designated areas. This act supplements the act of July 9, 1971 ( P.L. 206, No.34), known as the Improvement of Deteriorating Real Property or Areas Tax Exemption Act, and the act of December 1, 1977 ( P.L. 237, No.76), known as the Local Economic Revitalization Tax Assistance Act, which implement section 2(b)(iii) of Article VIII of the Constitution of Pennsylvania.
72 P.S. § 4712-102