Falls Township supervisors recently approved a resolution that would remove Keystone Opportunity Improvement Zone (KOIZ) benefits from 112 acres at the former U.S. Steel property and add benefits to 105 acres, effectively placing about 7.5 acres back on the tax rolls. The KOIZ removal would take effect if Bucks County commissioners, Pennsbury School District and the state all vote in favor of the resolution. The county and school board are scheduled to consider the matter this month. The initial 15-year tax abatement period took effect on Jan. 1, 2021, and is set to continue through Dec. 31, 2035.
Source: Bucks County Herald; 10/5/2023