Keystone Opportunity Zones

Reprinted with permission from The Legal Intelligencer

By Stuart F. Ebby

The origins of the Keystone Opportunity Zone (KOZ) are based upon two simple truisms: everybody hates to pay taxes, especially businessmen; and it is difficult to attract private capital to the development of real estate in deteriorated neighborhoods. Following the lead of several other jurisdictions, in 1998 the General Assembly passed legislation designed to create up to 12 KOZs within “areas of economic distress characterized by high unemployment, low investment of new capital … blighted conditions … or abandoned industrial, commercial and residential structures and deteriorating tax bases.”



Click the link below to view the full article in PDF format.

View Printable Version