LOCAL ECONOMIC REVITALIZATION TAX ASSISTANCE ACT (LERTA)

Description: Local municipalities, school districts and counties can offer abatements on property taxes up to 10 years.

Eligibility:

• City
• County
• Boroughs
• Incorporated town
• Township
• Institutional district
• School district

Eligible Uses: Local municipalities, school districts, and counties can offer abatements on property taxes for up to 10 years

Where to Apply: MCIDC for Guidance

Amounts: Not applicable

Terms/Conditions: Based on local government decision (up to 100% abatement on property taxes for up to 10 years)