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County Offers Tax Incentive For Job Creators

March 27th, 2024

Potter County Commissioners Nancy Grupp, Paul Heimel and Robert Rossman offer a tax incentive designed to create jobs and support economic development. A county ordinance provides tax incentives for construction or expansion of commercial properties. They could qualify for a temporary reduction of county real estate taxes. Qualifying property owners receive a 100-percent tax abatement in year one, 80 percent in year two, 60 percent in year three, 40 percent in year four, and 20 percent in year five.

A 1977 state law, the Local Economic Revitalization Tax Assistance (LERTA) Act, authorizes counties, school districts and local governments to offer the tax incentive program to support business expansion and job retention/creation. To obtain a copy of the ordinance, call 814-274-8290, ext. 207.

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