72 Pa. Stat. § 9911-C

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 9911-C - Strategic development areas
(a) Establishment.--There is hereby established within the department a program providing for strategic development areas.
(b) Strategic development area designation.--
(1) The Governor may, on or before September 30, 2007, by Executive Order, designate not more than four strategic development areas in this Commonwealth, each of which shall not be less than ten acres of land and not more than 1,500 acres, and the strategic development areas in the aggregate shall not exceed 5,000 acres.
(2) No portion of a designated strategic development area shall be used as a licensed facility as defined in 4 Pa.C.S. § 1103 (relating to definitions) or any other similar type of facility authorized under the laws of this Commonwealth.
(c) Term of designation.-- Persons and businesses within a designated and approved strategic development area that are qualified under this article shall be entitled to all tax exemptions, deductions, abatements or credits set forth in this article for a 15-year period beginning on the date of approval by all political subdivisions as required in section 2913-C or January 1, 2007, whichever occurs last.
(d) Approval by political subdivisions.--The designation of a strategic development area and entitlement to the benefits provided in this article shall not be effective unless a strategic development area is approved by all political subdivisions in which it is located, in whole or in part, in accordance with section 2913-C, on or before December 31, 2007.

72 P.S. § 9911-C

1971, March 4, P.L. No. 2, art. XXIX-C, § 2911-C, added 2006, Nov. 20, P.L. 1385, No. 151, § 2, imd. effective.