The possible state tax benefits of the Keystone Opportunity Zone (KOZ/KOEZ) program may reduce one or more of the following taxes: * Sales and use tax * Corporate net income tax * Capital stock and foreign franchise tax * Bank and trust company shares tax * Mutual thrift institutions tax * Insurance premiums tax * Personal income tax A fax number and e-mail address, although not required, will expedite request processing. KOZ benefits for 2014 and 2015 as a qualified business under the Act. ... (as listed on original application… PA P-S KOZ -- Schedule P-S KOZ. Businesses looking to expand from out of state need to locate and operate within a KOZ to receive state and local business tax exemptions. The deadline to file a KOZ application is Dec. 31st of the year for which benefits are to be received. Please enable scripts and reload this page. The mission of the Department of Community and Economic Development (DCED) is to foster opportunities for businesses to grow and for communities to succeed and thrive in a global economy. reading, pa 19601-3690 (610) 655-6253 tami davies-coleman. the previous application, with the exception of the budget and addenda. Correspondence from the department, which may include confidential information, will be sent to this address. Please provide the name, address, Social Security number/EIN, phone number and ownership percentage for all persons or businesses that receive pass-through income from the business, including shareholders, partners and members of S Corporations, Partnerships and LLCs. The KOZ program is administered by the Department of Community and Economic Development. Please see the PA KOZ Application … Enterprise Zone Tax Credit Program The Enterprise Zone Tax Credit is competitively awarded by the Commonwealth of Pennsylvania. Find out if your company qualifies here. Funding On November 16, 2015, almost two-and-one-half years after it leased the Vetri KOZ site and one year after it opened the restaurant, Vetri NY “agreed to sell the assets and operations of the restaurant in the Vetri KOZ site . Questions about local taxes and tax benefits should be directed to your local KOZ coordinator (PDF). All 18 properties requested in the application were approved. ... Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds. Please check all descriptions that apply. PA Department of Community and Economic Development (DCED), Motor & Alternative Fuels Taxes Assistance. Please use the full legal name of the business or applicant. The City of Reading both expanded and extended the Keystone Opportunity Zones in the city in 2012. Applicants are required to review the information prior to final submission of the application to the As part of this modernization, this page has been rewritten and redesigned. This question customizes your application to qualify a business, property owner and/or resident. With the well-publicized troubles of his first two budgets, it is uncertain what the Governor will do next to close gaps in the Commonwealth’s revenue coffers. Keystone Opportunity Zone. Please enable scripts and reload this page. Online (Recommended) This is the quickest and easiest method to obtain an application. PA-40 KOZ – The PA-40 KOZ will be mailed to qualified applicants beginning in mid-December and ending in March. . Question 2 The Pennsylvania Department of Community and Economic Development (DCED) refers to the KOZ as “one of the nation’s boldest and most innovative economic and community development programs.”2 According to DCED, by Dec. 31, 2017, the KOZ program had led to the creation of 7,278 jobs and $2.6 … Proudly founded in 1681 as a place of tolerance and freedom. To apply for additional funding, please see the “Project Overview” page of the application and select “Yes” when prompted. An individual or business that either lives or does business in these defined areas can apply for a KOZ grant. Using the incentive of tax abatement, ... application, appointed a KOZ Program manager, and developed an … The name provided on the application will be used for all correspondence from the department. Tax questions may be directed to the Department of Revenue at 717-772-3896 or ra-btftrevkoz@pa.gov. We’ve recently updated the phila.gov website to include new, easy-to-use content. Question 12 Please remember to print a copy of your application and submit it to DCED. For more information on the KOZ program in Harrisburg contact the South Central KOZ Administrator Shaun Donovan at (717) 213-5033 or send a message . You may be trying to access this site from a secured browser on the server. The application is filed with the PA Department of Community and Economic Development. : e-Signature User ID and Password. Businesses must resubmit applications yearly. Additionally, in the top right corner, users can search by address, view the legend, or utilize the base map selector tool. community development 815 washington street. State tax questions should be directed to the Department of Revenue’s KOZ Coordinator at 717-772-3896 or ra-btftrevkoz@pa.gov. User ID Question 7 to Urban Outfitters.” (Id Pennsylvania. Questions? The application can be found on the PA Department of Community & Economic Development (DCED) website - https://www.dced.state.pa.us/koz/ Per the KOZ guidelines, “All “qualified businesses” and “persons” must be in full Question 8 Contact BCEDC for more details on the availability of these sites in Bucks County. Pennsylvania Department of State > Professional Licensing > Boards & Commissions > Accountancy > Application Forms Begin Main Content Area Page Content . Question 1 Keystone State. Wolf rejected new applications for KOZ from certain municipalities—Philadelphia among them—citing a cash-strapped Commonwealth can’t sustain new tax breaks. Proudly founded in 1681 as a place of tolerance and freedom. • PA Expenditure Located in KOZ (If applicable) • Total Expenditure • Direct Wages (If a business) ... www.revenue.state.pa.us 11 R&D Application Summary All information submitted within the application will be displayed in the summary. If you are incarcerated, and would like to apply for Clemency, obtain the Application Packet from your Institutional Library. Application for KOZ renewal: https://apps.dced.pa.gov/koz. IMPORTANT: If the entity does not have nonresident owners, comple-tion of Lines 2, 6, 8, 10, 12 and 15 is not required, nor are corresponding worksheets. Applicants located or partially located in specially designated, geographically defined KOZ zones are authorized to apply for state and local tax credits, exemptions and tax abatements for a period of time based on the duration of the zone. The below is an interactive map comprised of vacant KOZ designated properties. City of Easton, PA 123 South Third Street Easton, PA 18042 (610) 250-6600 KOZs, established in 1998, originally were more limited in scope, but the program has evolved and expanded to include additional taxes, more locations, and a wider variety of tax benefit periods. Please verify information provided on the application is true and correct as submitted. Qualified businesses, property owners and residents. Ready to apply? Keystone Opportunity Zones. Business Services > Keystone Opportunity Zones. Eligibility. Deadline to apply is December 31. Please use your permanent address to ensure timely delivery, and be sure the contact is privileged to receive such information. Question 13 There are some qualifications that need to be met by Pennsylvania businesses in order to qualify for the KOZ benefits. Due to the tremendous success of the KOZ initiative, additional zones were added in 2001, 2003, 2004 and 2009. Qualified means you satisfactorily meet the necessary criteria listed in the Act and submit an annual application. Keystone Opportunity Zone Forms. Existing users must login using their User ID and Password. CIC Philly is located in a Keystone Opportunity Zone (KOZ), which allows qualified businesses to take advantage of certain tax incentives for choosing to locate at 3675 Market Street. Since the KOZ program’s inception in 1999, it has led to the creation of new jobs and produced capital investment in real estate. Questions 3, 4, 5 and 6 Failure to list the correct KOZ address and corresponding information will result in disqualification. Any entity with an ownership share of the applicant's company of 20 percent or more that has outstanding tax liabilities will not be able to take advantage of tax benefits until the liabilities are satisfied. The KIZ Tax Credit must first be applied against the KIZ company’s own tax liability under Articles III (Personal Income Tax), or IV (Corporate Net Income Tax) of the Pennsylvania … Bucks County has three areas with KOZ or KOEZ status. Question 10 *Note: an application may be saved, closed, re-opened and edited at any time prior to submitting. The Keystone Opportunity Zone Program (KOZ) was signed into legislation on October 6, 1998 (Act 92 of 1998). KOZ must apply for KOZ exemption by December 31st of each year for which they are seeking an abatement or refund. Each property owner, resident and/or sole proprietor must provide the department with his/her Social Security number. If you do not receive your PA-40 KOZ by March 15th., please contact the Department of Revenue’s KOZ Coordinator at 717-772-3896 or ra-btftrevkoz@pa.gov. We’re building something new! Taxpayers must complete applications accurately and fully, as incomplete or false applications may result in benefit forfeiture. All "KOZ" zones entitle businesses, property owners, and residents to certain tax benefits at the state and local level if the applicant completes an annual "KOZ" application prior to Dec. 31 in the year they are applying for benefits and maintains compliance with all local and state tax laws until Feb. 5 … The Lehigh Valley Economic Development Corporation administers the KOEZ program in the region on behalf of the Pennsylvania DCED. LVEDC submitted a regional application to the state on behalf of Northampton and Lehigh Counties, local governments and school districts. You may be trying to access this site from a secured browser on the server. This will be used as your electronic signature. A list of properties with full addresses, OPA numbers, and expiration dates can be accessed here. Indicate how you report to the Internal Revenue Service. Last December, Gov. Pennsylvania’s Keystone Opportunity Zone (KOZ) Program was established in 1998 as a tool to assist in the revitalization of economically distressed urban and rural communities in the Commonwealth. city of reading, pennsylvania. KOZ Change of Status Online Form for KOZ status change requests Please use this form to request a KOZ change of status. To receive KOZ/KOEZ tax benefits, a taxpayer must complete and submit an application to the PA Department of Community and Economic Development by Dec. 31 of each calendar year for which benefits are sought. Keystone State. To the left, users have the ability to refine their search by region or county. The application is available through the State of Pennsylvania. community development Note that a KOZ application will be denied if any outstanding tax liabilities or unfiled returns are discovered in tax records. This unique program develops a community’s abandoned, unused, underutilized land and buildings into business districts and residential areas that present a well-rounded and well-balanced approach to community revitalization. PA KOZ PSI -- Schedule KOZ Supplemental Instructions. A KOZ is an area defined by the Governor's Office and the Department of Community and Economic Development (DCED) for development. Indicate when the company and/or resident moved into the zone. A business moving from outside Pennsylvania into a KOZ is program eligible provided it owns or leases property in the KOZ from which it actively conducts a trade, profession or business and obtains annual certification from the PA Department of Community and Economic Development. For companies already located in Pennsylvania, these exemptions can be realized, provided companies either: Increase full-time employment by at least 20 percent in the first full year in the Zone or PA P-S KOZ (12-15) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE Motor & Alternative Fuels Taxes Assistance. RCT-101KOZ -- Keystone Opportunity Zone/Strategic Development Area Form and Instructions - Calculation of Tax Credit For Corporate Net Income Tax Additionally incarcerated applicants do not need to obtain court documents to submit with their application. To receive KOZ/KOEZ tax benefits, an application must be completed and submitted to the PA Department of Community and Economic Development (DCED) by Dec. 31 of each calendar year for which benefits are sought. To receive KOZ/KOEZ tax benefits, an application must be completed and submitted to the PA Department of Community and Economic Development (DCED) by Dec. 31 of each calendar year for which benefits are sought. The Keystone Opportunity Zone (KOZ) Program is one of the nation’s boldest and most innovative economic and community development programs. ABOUT THE MAP. The Keystone Opportunity Zone (KOZ) Program is an economic development program designed to stimulate investment, economic growth and employment in the commonwealth for development and revitalization. Taxpayers must complete applications accurately and fully, as incomplete or false applications may result in benefit forfeiture. To receive KOZ/KOEZ tax benefits, a taxpayer must complete and submit an application to the PA Department of Community and Economic Development by Dec. 31 of each calendar year for which benefits are sought. Question 11 Businesses, property owners and residents that are located in a KOZ, KOEZ/KOIZ are eligible to receive significant state and local tax benefits. Keystone Opportunity Zone Interactive Map. For more information and to apply for tax benefits, visit the DCED Website at https://dced.pa.gov or call the DCED Customer Service Center at 1-800-379-7448. Contact Sopheap Heng via phone (215) 683-2007 or email sopheap.heng@phila.gov Attach the completed PA Schedule P-S KOZ (with supporting worksheets) to the entity’s PA 20-S/PA-65 Information Return. The below KOZ interactive map provides an overview of the 2000+ parcels designated as KOZs. Tax questions may be directed to the Department of Revenue at 717-772-3896 or ra-btftrevkoz@pa.gov.