KEYSTONE OPPORTUNITY ZONE (KOZ) THROUGH 2033
TOTAL TAXES ON ECONOMIC ACTIVITY IN THE KOZ ARE SIGNIFICANTLY REDUCED THROUGH CREDITS, WAIVERS AND BROAD-BASED TAX ABATEMENTS. THESE BENEFITS REDUCE OR ELIMINATE THE FOLLOWING TAXES:
PHILADELPHIA
- REAL ESTATE TAXES
- USE AND OCCUPANCY TAX
- EARNED INCOME / NET PROFITS TAX
- BUSINESS GROSS RECEIPTS, BUSINESS OCCUPANCY, BUSINESS PRIVILEGE AND MERCANTILE TAX
- SALES TAX (PURCHASES EXCLUSIVELY USED AND CONSUMED BY THE QUALIFIED BUSINESS IN THE ZONE)
PENNSYLVANIA
- CORPORATE NET INCOME TAX
- PERSONAL INCOME TAX
- SALES AND USE TAX (PURCHASES CONSUMED AND USED BY THE QUALIFIED BUSINESS IN THE ZONE)
- MUTUAL THRIFT INSTITUTION TAX
- BANK AND TRUST COMPANY SHARES TAX
