INCENTIVE DESCRIPTION

State:	PA
Incentive Type:	Property Tax Incentives
Incentive Title:	Property Tax Abatements
Description:	LOCAL ECONOMIC REVITALIZATIONTAX ASSISTANCE(LERTA)- Tax abatement program that allows muncipalities, school districts and counties to offer abatements to new and current businesses. Abatements good for a ten year period. Real estate taxes are reduced by 50%.
Eligibility Requirements:	Apply to local taxing district. Taxes may only be abated on the portion of taxes that are a direct result of improvements to commercial, industrial and other business properties. Application must be submitted 10 days after building permit is granted.
Geographic Restrictions:	Statewide
Granting Authority:	Local Taxing Districts

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.