Bill > HB1446

This bill provides a framework for local taxing authorities to offer tax exemptions for the redevelopment of underutilized properties, specifically focusing on shopping malls, brownfields, and greyfields that are economically unproductive. The legislation establishes an Economic Development and Mixed-Use Redevelopment Advisory Committee within the State Planning Board to provide guidance on redevelopment strategies, and defines key terms like "attainable housing" (residential units affordable to families earning up to 60% of area median income) and "underutilized property" (abandoned or idled commercial or industrial sites). Local taxing authorities can grant tax exemptions for up to 10 years, with potential two-year or five-year extensions for developers who meet additional criteria such as creating attainable housing, improving energy efficiency, installing renewable energy systems, or creating green spaces. Developers must apply for these exemptions by submitting detailed documentation about their redevelopment plans, and the property remains eligible for the tax exemption even if sold or transferred. To qualify, developers must comply with local zoning requirements, correct any municipal code violations, and not have outstanding tax delinquencies. The bill aims to incentivize the revitalization of underused commercial properties by offering financial benefits to developers who transform these spaces into mixed-use, community-oriented developments.

Government Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1446