Local Economic Revitalization Tax Assistance Act (LERTA)

Local Economic Revitalization Tax Assistance Act (LERTA)

Summary

· Local municipalities, school districts and counties can offer tax abatements on improvements to property for up to 10 years

Eligibility

· City

· County

· Borough

· Incorporated town

· Township

· School district

Eligible Uses

· Local municipalities, school districts and counties can offer tax abatements on improvements to property for up to 10 years

Where to Apply

· Local Government taxing body

· Governor's Center for Local Government Services as a technical assistance provider

Amounts

· Not applicable

Terms

· Local government decision (up to 100% tax abatement on improvements to property for up to 10 years)

· Abatement on improvement to property