Officials in the Hazleton area have embraced the ability to extend the benefits of the Keystone Opportunity Zone program by granting full tax abatement through December 31, 2017, for eligible properties.
As further evidence of the foresight of those officials and through the support of the commonwealth, CAN DO also was assigned one of 15 new subzones throughout the state, which will abate taxes in that 350-acre tract through December 31, 2019.
As a result, nearly 650 acres of land in CAN DO industrial parks have been granted tax-free extensions through at least the end of 2017 under the Commonwealth of Pennsylvania’s renowned Keystone Opportunity Zone (KOZ) program.
In the case of the new KOZ subzone, those sites are tax-free through the end of 2019. Available KOZ sites include both commercial and industrial land parcels, as well as many industrial buildings.