Pennsylvania Keystone Opportunity Zone - PA KOZ
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What are Keystone Opportunity Zones (KOZs)?

  • KOZs are parcels of land and buildings in selected Central Pennsylvania business parks and industrial areas with unique tax incentives and development designations.

  • KOZs are defined, limited areas approved by the state with virtually no tax burden for businesses. Each zone has multiple sub-zones that encompass different parcels of available property.

  • KOZ designations were achieved through a partnership between state and local taxing bodies in 1998, and additional property designations in 2001: School districts, counties, local governments, economic development agencies, and community-based organizations worked cooperatively to bring this tax incentive program to Central Pennsylvania.

Most importantly, the KOZs are local and state tax-free!

  • Through December 31, 2010 or December 31, 2013

  • KOZ  properties enjoy the exact same tax benefits no matter when they were designated or when they expire.

Depending on the situation, the tax burden may be reduced to zero for the following:

  • State Taxes:  Corporate Net Income Tax, Capital Stock & Foreign Franchise Tax, Personal Income Tax, Sales & Use Tax, Bank & Trust Company Shares Tax, Mutual Thrift Institutions Tax, Insurance Premiums Tax, and Personal Income Tax.  Some companies such as railroad, truck, bus, airline, pipeline, natural gas, or water transportation companies may qualify for KOZ Job Creation Tax Credits.

  • Local Taxes:  Local Real Estate Tax, Business Gross Receipts/Business Privilege Tax (Act 511 Tax), Realty Use & Occupancy Tax, Mercantile License Tax, Wage and Net Profits Tax (Sterling Act), Earned Income/Net Profits Tax (Generally, Act 511 Tax), Local Sales and Use Tax.

 

 

PA KOZ SEDA-COG
Keystone Opportunity Zones
SEDA - Council of Governments 2002
201 Furnace Road, Lewisburg, PA 17837
KOZ@seda-cog.org
1-800-332-6701 
(570) 524-4491 FAX: (570) 524-9190