Keystone Opportunity Zone (KOZ)
In Clearfield County, KOZ’s were created to encourage business in special designated areas Countywide.
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The following is a list of tax benefits:
State:
- Sales & Net Use Tax
- Corporate Net Income Tax
- Capital Stock and Franchise Tax
- Bank and Trust Company Shares Tax
- Mutual Thrift Institutions Tax
- Insurance Premiums Tax and Personal Income Tax
Local:
- Local Real Estate Tax (local, county and school)
- Business Privilege Tax (First Class Cities)
- Business Gross Receipts/Business Privilege Tax (Act 511 Tax)
- Realty Use & Occupancy Tax
- Mercantile License Tax
- Wage and Net Profits Tax (Sterling Act)
- Earned Income/Net Profits Tax (Act 511 Tax) and Local Sales and Use Tax
To learn more about KOZ click here: www.newpa.com