What are the benefits of living in a KOZ?
People residing in a KOZ for a minimum of 184 consecutive days during a taxable year may be permitted a credit upon filing their KOZ PA Personal Income Tax return, as well as relief from local Earned Income Tax. The credit applies to state income tax on: compensation and wages, dividends, interest, income from estates and trusts, net income earned from business conducted in a zone, net gains from the sales or dispositions of real estate or tangible personal property within a zone or intangible personal property or the net gains or income from rentals of the real estate or tangible personal property in a KOZ. You need to apply for these benefits.
