The KOZ program can meet the needs of various individuals. Here are some commonly asked questions about the KOZ Program. Click on the type of interest you have to view questions and answers of interest.
What if a person who owns real estate located in a KOZ decides to sell it? Is the capital gain subject to tax and does it matter whether the owner lives in a KOZ?
Does the abatement of taxes occur when development occurs or at another period of time? Please reference sections in Act 92 that dictate this.
Is it just the real property owner who fills out the KOZ Application? If I'm a business leasing space in a KOZ do I need to fill out the application?