Keystone Opportunity Zone

The City of Chester is the only municipality in Delaware County that has been approved by the Pennsylvania Department of Community and Economic Development (DCED) for designation of parts of the City as Keystone Opportunity Zone Extensions (KOZ). In order to stimulate investment in underdeveloped or distressed sites, KOZ's are specific parcels that are virtually exempt from all state and local taxes for a seven year period of time. Eligible entities that invest in a KOZ may be exempt from city, county, and school district real estate taxes, Act 511 taxes including earned income/net profit taxes, business gross receipts taxes, occupancy taxes, and business privilege taxes. In addition, businesses that locate in a Chester KOZ may also be able to claim a credit against their state corporate income tax, capital stock franchise tax, and sales and use taxes. 

STATE TAXES WAIVED OR REDUCED:
    • Corporate Net Income 
    • Capital Stock & Foreign Franchise Tax 
    • Personal Income Tax (Partnerships & Sole Proprietors) 
    • Sales & Use Tax 
    • Mutual Thrift Institutions Tax
    • Insurance Premiums Tax
CITY TAXES WAIVED OR REDUCED:
    • Business Privilege Tax
    • Net Profits Tax
    • Real Estate Taxes
    • Sales and Use Tax

Consult with your accountant regarding these benefits and your business.

KOZ Developments

  • Rivertown
    Rivertown The Wharf at Rivertown
  • Crozer Hills
    Crozer Hills Crozer Hills Housing Development