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Williamsport council advances residential and commercial LERTA changes to speed tax-abatement approvals
Summary
Council approved first-reading repeal and reenactments of the city's residential and commercial Local Economic Revitalization Tax Assistance (LERTA) ordinances to streamline application timing and administration. Officials said the change ties applications to building permits and could improve program administration and uptake.
Williamsport City Council on Aug. 7 approved first readings to repeal and reenact both the residential and commercial Local Economic Revitalization Tax Assistance (LERTA) ordinances, a move city staff said will simplify approvals and tie applications to building permits instead of occupancy permits.
City staff and council members described LERTA as a 10-year phased tax-abatement program that spreads increases in assessed value over a decade. The city's community development staff said aligning the application with the building-permit stage gives the city an earlier opportunity to deny benefits…
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