{"data":{"id":"us-pa/72-pa.c.s.-3115","jurisdiction":"us-pa","citation":"72 Pa.C.S. § 3115","heading":"Property tax exemption schedule of real property.","body":"A municipality and school district shall have the power and authority to grant property tax abatement, in accordance with this section, to properties leased to a microenterprise for one or more consecutive years and owned by an administrative entity. The following apply:\n(1) For the first, second and third years for which the property would otherwise be taxable and is continually leased to the microenterprise, 100% of the eligible assessment shall be exempted.\n(2) For the fourth year for which the property would otherwise be taxable and is continually leased to the microenterprise, 90% of the eligible assessment shall be exempted.\n(3) For the fifth year for which the property would otherwise be taxable and is continually leased to the microenterprise, 75% of the eligible assessment shall be exempted.\n(4) For the sixth year for which the property would otherwise be taxable and is continually leased to the microenterprise, 60% of the eligible assessment shall be exempted.\n(5) For the seventh year for which the property would otherwise be taxable and is continually leased to the microenterprise, 45% of the eligible assessment shall be exempted.\n(6) For the eighth year for which the property would otherwise be taxable and is continually leased to the microenterprise, 30% of the eligible assessment shall be exempted.\n(7) For the ninth year for which the property would otherwise be taxable and is continually leased to the microenterprise, 15% of the eligible assessment shall be exempted.\n(8) For the tenth year for which the property would otherwise be taxable and is continually leased to the microenterprise, 10% of the eligible assessment shall be exempted.\n(9) After the tenth year of being continually leased to the microenterprise, the exemption shall terminate.","path":["Title 72 - TAXATION AND FISCAL AFFAIRS","CHAPTER 31 MICROENTERPRISE ASSISTANCE","SUBCHAPTER B MICROENTERPRISE LOAN PROGRAMS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=72\u0026div=0\u0026chpt=31\u0026sctn=15\u0026subsctn=0","current_through":"2024-03-12 (Statute Update stamp, 72 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:35:33Z","sha256":"8dd0859c47f358d5c925af29dc08ddaf3f59f6de7035f5dc0ba93e16465bad95","source_id":"us-pa","stale":false,"prev":"us-pa/72-pa.c.s.-3114","next":"us-pa/72-pa.c.s.-3116"},"notice":"GroundRules: Original legal text. Not legal advice."}