August 5, 1932 (Sp.Sess., P.L.45, No.45), referred to as the
Sterling Act, the act of December 31, 1965 (P.L.1257,
No.511), known as The Local Tax Enabling Act, and the act of
May 30, 1984 (P.L.345, No.69), known as the First Class City
Business Tax Reform Act.
(5) The incremental tax revenues resulting from an
increase in the total taxable earnings realized by:
(i) unincorporated businesses operating in the tax
increment district; and
(ii) employees working for persons or governmental
entities that are conducting business in the tax
increment district.
This paragraph shall apply to revenues from taxes levied
under the Sterling Act, the act of March 10, 1949 (P.L.30,
No.14) , known as the Public School Code of 1949, and The
Local Tax Enabling Act.
"Tax increment base." The term means one or more of the
following, as appropriate:
(1) The aggregate market value of all taxable real
property located within a tax increment district on the date
the district is created.
(2) In a district where the governing body has levied a
tax on the business use and occupancy of real estate, the
average aggregate market value of real property located
within the district and used or occupied for business
purposes during the last available 12-month period preceding
the date of creation of the district.
(3) In a district where the governing body has levied a
sales tax, the total amount of taxable sales, rentals and
services subject to the sales tax of the Commonwealth and
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