72 Pa. Stat. § 9912-C

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 9912-C - Qualified businesses

In order to qualify for tax exemptions, deductions, abatements or credits under this article, a business must own or lease real property in a strategic development area on which the business actively conducts a trade, profession or business involving energy, bioscience or manufacturing, or a related activity, and meet one of the following criteria:

(1) Create or maintain a minimum of 500 jobs within the first three years of full operation within the strategic development area.

(2) Invest a minimum of $45,000,000 in capital investment in the property located in the strategic development area within the first three years of full operation.

72 P.S. § 9912-C

1971, March 4, P.L. 6, No. 2, art. XXIX-C, § 2912-C, added 2006, Nov. 20, P.L. 1385, No. 151, § 2, imd. effective.