The Keystone Opportunity Zone (KOZ) designation is a tax incentive program started by the Commonwealth of Pennsylvania for certain regions in the state through which selected parcels of land receive greatly reduced taxes for a period of time. The premise is that by enticing development in these KOZ areas, economic development and job creation will be encouraged. Currently, the KOZ program will run through December 31, 2017. Earth Conservancy has several KOZ-designated properties for sale, which can be found on our Land for Sale page.
To learn more about the KOZ program, click the logo to the left. You can also review an informational brochure from the Pennsylvania Department of Revenue here.
Did you know...
The KOZ program can significantly reduce business costs through state and local tax exemptions, deductions, abatements, and credits. Taxes waived under KOZ include:
- State corporate net income tax
- State capital stock and foreign franchise tax
- State personal income tax
- State sales and use tax
- Local earned income/net profits tax
- Local business gross receipts, business occupancy, business privilege and mercantile tax
- Local real property tax
- Local sales and use tax