PRINTER'S NO. 2152
No. 1748 Session of 1989
INTRODUCED BY DeLUCA, KASUNIC, TRELLO, MRKONIC, COWELL,
PETRARCA, GAMBLE, GIGLIOTTI, OLASZ, LEVDANSKY, MARKOSEK,
PISTELLA, VAN HORNE, LUCYK, KAISER, PRESTON, MELIO,
TANGRETTI, WAMBACH, McCALL, D. R. WRIGHT, STABACK, COY,
LAUGHLIN, COLAFELLA, B. D. CLARK, DALEY, STUBAN, STEIGHNER,
COLAIZZO, TRICH, DOMBROWSKI, ITKIN, ROBINSON, BELARDI, COLE
AND MICHLOVIC, JUNE 21, 1989
REFERRED TO COMMITTEE ON FINANCE, JUNE 21, 1989
AN ACT
1 Providing a limited exemption from taxation for the principal
2 residence of certain persons and for reimbursement by the
3 Commonwealth for loss of revenues occasioned by such
4 exemption.
5 The General Assembly of the Commonwealth of Pennsylvania
6 hereby enacts as follows:
7 Section 1. Limited exemption from taxation.
8 Notwithstanding the provisions of any other statute, the
9 principal residence of any person 65 years of age or older shall
10 be exempt from all county, city, borough, town, township, road,
11 poor and school tax. The exemption shall apply only to the
12 extent of the first $20,000 of the market value of such
13 residence.
14 Section 2. Commonwealth reimbursement.
15 The Department of Revenue shall reimburse local taxing
16 authorities for revenue losses occasioned by the exemption
1 provided in section 1.
2 Section 3. Applicability.
3 This act shall apply as to particular taxing authorities only
4 to taxes levied and assessed for fiscal years beginning not less
5 than six months from the effective date of this act.
6 Section 4. Effective date.
7 This act shall take effect immediately.
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