section, the board shall notify the Department of Community
and Economic Development. The notice shall include a
description of the land of the proposed licensed facility
which is designated a subzone, an expansion subzone or an
improvement subzone. Within five days of receiving the notice
required by this paragraph, the Secretary of Community and
Economic Development shall decertify the land of the proposed
licensed facility as being a subzone, an expansion subzone or
an improvement subzone. Upon decertification in accordance
with this paragraph and notwithstanding Chapter 3 of the
Keystone Opportunity Zone, Keystone Opportunity Expansion
Zone and Keystone Opportunity Improvement Zone Act, a
political subdivision may amend the ordinance, resolution or
other required action which granted the exemptions,
deductions, abatements or credits required by the Keystone
Opportunity Zone, Keystone Opportunity Expansion Zone and
Keystone Opportunity Improvement Zone Act to repeal the
exemptions, deductions, abatements or credits for the land
decertified.
(3) Notwithstanding any other provision of law, the
governing body of a city of the first class shall not exempt
from real property taxation or provide any real property tax
abatement under the act of December 1, 1977 (P.L.237, No.76),
known as the Local Economic Revitalization Tax Assistance
Act, to a Category 2 licensed facility located within the
city, or any improvements to such facility, unless the owner
of the licensed facility enters into or has entered into a
tax settlement agreement or payment in lieu of taxes
agreement with the city, including any amendments,
supplements or modifications of such agreements.
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