Tax Credits

Enterprise Zone Program

The Borough of Charleroi is a participant in the Mid Mon Valley Regional Enterprise Zone Program. The Enterprise Zone Program, abbreviated EZP, is an incentive program that provides tax credits to private companies of up to 25% for investments in acquisition of buildings or land, rehabilitating, expanding, or improving buildings or land for commercial, research
or manufacturing businesses. Tax credits are available annually on a competitive basis until July 1, 2018. Also under the Enterprise Zone Program, applications for state assistance from Charleroi receive special consideration under a range of programs of the Commonwealth of Pennsylvania.

To Apply:

Contact the coordinator of the Mid Mon Valley Regional Enterprise Zone Program for additional information – Joe Kirk, Executive Director of the Mon Valley Progress Council, 724-684-3381, jkirk@monvalleyprogress.org. You can also visit www.newpa.com and enter Enterprise Zone Tax Credit in the search bar to download the Enterprise Zone Tax Credit guidelines and requirements.


Historic District

If your property is located in Charleroi, a historic district, you are eligible to receive the Historic Preservation Tax Credit (HPTC). If approved you are able to receive up to 25% or $500,000 of tax credit on qualified expenditures toward the restoration of a qualified historic structure. Applicants, in most cases are required to submit supporting documents, such as photographs of the building and its surroundings.

To Apply:

Visit www.newpa.com/hptc then download and read the Historic Preservation Tax Credit guidelines from www.newpa.com. You can now apply using the Single Application on the same website.


The Local Economic Revitalization Tax Assistance Act (LERTA)/ Re-Assessment Relief

Through 2018 Charleroi Borough offers some protection from re- assessment based on significant investment for improving property. The Local Economic Revitalization Tax Assistance Act (LERTA) assures property owners who make significant improvements to property in the downtown area (census tract 7831) will not be reassessed on the improvements for up to 5 years. A map of the area of the LERTA and an application is on file at the Borough offices.


Federal Rehabilitation Investment Tax Credit, RITC

In addition, there is a 20% federal tax credit for designated buildings or 10% for buildings 50 years and older through the Federal Rehabilitation Investment Tax Credit (RITC).

More Information:

Information can be found on the Pennsylvania Historical and Museum Commission website: www.portal.state.pa.us/portal/server.pt/community/ rehabilitation_investment_tax_ credit_program/2646