October 17, 2011
Off the Floor
Rules Committee Room
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Senate Bill 1237 (Pileggi) Amends the Keystone Opportunity Zone, Keystone Opportunity Expansion Zone and Keystone Opportunity Improvement Zone Act further providing for additional expansion zones; and providing for extension of zones for new job creation.
A05529 – (1) Extends the application deadline for the designation of Keystone Opportunity Expansion Zones to June 1, 2012. The tax exemptions, deductions, abatements or credits available through the expansion zone will be effective from 2013 to 2023. (2) Clarifies that parcels that are unoccupied, deteriorated or underutilized are eligible for the zone extensions for new job creation. (3) Makes some technical corrections.