Learn about the Local Economic Revitilization Tax Assistance Program (LERTA)

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Local Economic Revitalization Tax Assistance Program (LERTA)

This Act allows local taxing authorities to exempt improvements to business property for a limited period of time, if such property is located in a deterioration area, as determined by a municipal governing body, or submit to a governmental order requiring the property to be vacated, condemned or demolished by reason of noncompliance with law, ordinance, or regulation. Improvements eligible for tax exemption include repair, construction, or reconstruction, including alteration and additions having the effect of rehabilitation a structure so that it becomes habitable or attains higher standards of safety, health, economic use or amenity, or is brought into compliance with governing laws, ordinances, or regulation.

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