Middle Smithfield Township is expected to adopt LERTA Ordinance
Business owners in Middle Smithfield Township can get ready to save on taxes if the LERTA Ordinance is adopted at the Public Hearing on Tuesday at 6pm. LERTA stands for the Local Economic Revitalization Tax Assistance Act.
LERTA helps new businesses get started and existing businesses expand by phasing in any new taxes due to property improvements over a five year period. Attracting new businesses and revitalizing existing businesses benefits all MST residents because broadening the tax base decreases the tax burden for all MST residents.
Once the geographic area for the LERTA is defined (commercial and industrial zones) via the ordinance being considered at Tuesday’s public hearing, the other two taxing authorities (the East Stroudsburg Area School District and Monroe County) will also proceed with their own public meetings, to ease the strain of taxes while business owners create and/or expand/improve their businesses.
A complete and true copy of the proposed LERTA Ordinance is on file and may be examined without charge or obtained for a charge by the public at the MST Municipal Building during the hours of 8am-4pm Monday – Friday