Pennsylvania Code (Last Updated: April 5, 2016) |
Title 61. REVENUE |
PART III. State Tax Equalization Board |
Chapter 607. Project 70 Procedures for Requesting in Lieu of Tax Payments |
Section 607.1. Purpose
Latest version.
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If Project 70 property is acquired by this Commonwealth it reduces the tax base of the particular political subdivision or school district. To compensate for this loss the General Assembly of the Commonwealth has provided for in lieu of tax payments. Local government requests for such in lieu of tax payments shall be initiated through the Board and thus to the Department of Environmental Resources Waters of the Commonwealth for determining the actual in lieu of tax payments, as provided in section 19 of the act (72 P. S. § 3946.19).