Chapter XXXIII. TAX EXEMPTIONS AND ABATEMENTS

§ 33-10. TERMINATION OF TAX AGREEMENT; TAX CONSEQUENCES.

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At the termination of an agreement for tax exemption authorized pursuant to this chapter, a project shall be subject to all applicable real property taxes as provided by applicable law and/or ordinances of the Borough, provided that nothing herein shall be deemed to prohibit a project, at the termination of an agreement, from qualifying for and receiving the full benefits of any other tax preferences provided by law.

(Ord. #424-95, § 1)

(Ord. No. 126-10, § 1, 4-26-2010)

Editor's note

Ord. No. 126-10, § 1, adopted April 26, 2010, amended § 33-10 title to read as herein set out. Former § 33-10 title pertained to termination of agreement; tax consequences.

                    
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