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House Bill No. 613 proposes to create what would be known as the "Tax Exemption and Mixed-Use Incentive Program Act," which would, among other things, authorize local taxing authorities to provide for tax exemption incentives for certain deteriorated industrial, commercial, business and residential property and for new construction in deteriorated areas of communities.
Representative Judy Ward, who represents residents of a portion of Blair County from the 80th District of Pennsylvania and is one of the sponsors of House Bill No. 613, wrote that the proposed legislation "allows developers and property owners to receive a tax abatement incentive once they apply and are approved to rebuild upon an abandoned or blighted property or in a deteriorated area."
The proposed legislation establishes standards and qualifications and also provides for an exemption schedule.
As for the status of House Bill No. 613, it passed by a vote of 191-0 in the House of Representatives on May 13, 2015. As of June 26, 2015, the bill remains under consideration in the Senate.
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