PRINTER'S NO. 2084
No. 1674 Session of 1987
INTRODUCED BY MURPHY, PRESTON, COWELL, MICHLOVIC AND DUFFY,
JULY 2, 1987
REFERRED TO COMMITTEE ON FINANCE, JULY 2, 1987
AN ACT
1 Amending the act of July 9, 1986 (P.L.1216, No.108), entitled
2 "An act authorizing the Department of Community Affairs to
3 reimburse municipalities containing enterprise zones for a
4 proportion of taxes exempted by the municipalities on
5 improvements to deteriorated property located within
6 enterprise zones under municipal tax exemption programs
7 established pursuant to the Local Economic Revitalization Tax
8 Assistance Act and further providing that the payments so
9 received by municipalities shall be used for community
10 development projects and neighborhood services within the
11 enterprise zones in which taxes are exempted," further
12 providing for the time period for reimbursements for tax
13 exemptions.
14 The General Assembly of the Commonwealth of Pennsylvania
15 hereby enacts as follows:
16 Section 1. Section 3(e) of the act of July 9, 1986
17 (P.L.1216, No.108), known as the Enterprise Zone Municipal Tax
18 Exemption Reimbursement Act, is amended to read:
19 Section 3. Reimbursement of tax exemptions.
20 * * *
21 (e) Time period for tax exemptions.--Reimbursements shall be
22 paid only for tax exemptions provided for improvements made to
23 deteriorated property located within enterprise zones on or
1 after January 1, [1985] 1983, but prior to June 30, 1989.
2 Section 2. This act shall take effect in 60 days.
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