1. The United States, the commonwealth or any of their instrumentalities, agencies or political subdivisions shall be exempt from payment of the tax imposed by this Part. The exemption of such governmental bodies shall not, however, relieve any other party to a transaction from liability for the tax.
2. Real property on the proposed Keystone Opportunity Expansion Zone is 100% exempt in accordance with the provisions and limitations hereinafter set forth in accordance with the Act, such exemption to begin on January 1, 2014 and to terminate December 31, 2023 (a ten-year period).
(Ord. 1970-1, passed 3-9-1970; Ord. 1989-1, passed 3-13-1989; Res. 2013-24, passed 9-9-2013)