Chalfont LERTA zone approved! The Chalfont LERTA zone (Pennsylvania Local Economic Revitalization Tax Assistance Act (LERTA) tax break) has been unanimously approved by the Central Bucks School Board. Commercial property owners in Chalfont Borough can now apply for a five-year tax exemption on new construction in the designated areas of Butler Ave and Main Street. […]
Tag Archives | LERTA
LERTA Ordinance approved in Chalfont Borough
Chalfont Borough Council adopted an ordinance this week enacting the state’s Local Economic Revitalization Tax Assistance Act (LERTA). This is designation is focused on fostering development in the mostly industrial, commercial and mixed-use zoning districts along Butler Avenue and Main Street. Borough officials will be asking Bucks County and the Central Bucks School District to […]
Chalfont proposing LERTA designation
Chalfont Borough Council will conduct a public hearing on LERTA and Revitalization Tax Assistance to consider the adoption of a proposed ordinance that will designate an area of the borough eligible for a tax exemption. The Local Economic Revitalization Tax Assistance Act (LERTA) designation would provide tax exemptions for new construction of industrial, commercial or […]