Posted: | December 1, 2020 02:55 PM |
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From: | Senator Mario M. Scavello |
To: | All Senate members |
Subject: | Homeowners Association Contributions Tax Deduction |
As you all are aware, many homeowners across the State are having a difficult time keeping up with all of their financial obligations as it relates to their home. In response to this, several bills have been introduced with the intent of removing a portion of the burden homeowners are shouldering. However, I plan to take a different approach in providing relief for homeowners across the State. In the near future, I plan to re-introduce legislation (former SB 539 of 2019-20) that will assist all Pennsylvania homeowners that are required to contribute to a homeowners association. If enacted, my legislation would permit homeowners to deduct 75% of the total amount they remitted to a qualifying association from their State PIT return. Our current economic climate has placed a large burden on homeowners by adding additional or increasing financial obligations. Please join me in co-sponsoring this legislation. If you have any questions regarding this legislation, please contact Christine Zubeck in my office at 717-787-6123 or czubeck@pasen.gov. Thank you for your consideration. |