An Act amending the act of December 1, 1977 (P.L.237, No.76), known as the Local Economic Revitalization Tax Assistance Act, further providing for title of act, for construction, for definitions and for deteriorated areas; providing for ordinance and resolution limitations; further providing for exemption schedule and for procedure for obtaining exemption; and providing for public registry.

SB 1277 amends Pennsylvania's Local Economic Revitalization Tax Assistance Act to update how local governments can offer property tax exemptions for deteriorated buildings and new construction in economically depressed areas. The bill clarifies definitions to include various types of distressed properties, such as those ordered vacated or demolished, and expands the scope to cover mixed-use and converted residential structures. It also establishes a public registry for these exemptions and requires local authorities to hold at least one public hearing before designating specific areas as deteriorated. Ultimately, the legislation provides a standardized framework for municipalities to implement tax relief aimed at revitalizing struggling neighborhoods.