PRINTER'S NO. 2168
No. 1763 Session of 1999
INTRODUCED BY KELLER, BARRAR, MANDERINO, WOJNAROSKI, ARMSTRONG,
LEDERER, SHANER, PETRONE, RAMOS, SCRIMENTI, BELFANTI,
SOLOBAY, MELIO, FICHTER, COSTA, DeLUCA, JOSEPHS, VAN HORNE,
PISTELLA, M. COHEN, KENNEY, DALEY, CAWLEY, CURRY, YOUNGBLOOD,
HENNESSEY, FRANKEL AND J. TAYLOR, JUNE 21, 1999
REFERRED TO COMMITTEE ON URBAN AFFAIRS, JUNE 21, 1999
AN ACT
1 Amending the act of July 9, 1971 (P.L.206, No.34), entitled, as
2 reenacted and amended, "An act authorizing local taxing
3 authorities to provide for tax exemption for certain
4 improvements to deteriorated dwellings and for improvement of
5 deteriorating areas by the construction of new dwelling
6 units; and providing for exemption schedules and other
7 limitations," further providing for exemption schedules; and
8 making an editorial change.
9 The General Assembly of the Commonwealth of Pennsylvania
10 hereby enacts as follows:
11 Section 1. Section 303(a) of the act of July 9, 1971
12 (P.L.206, No.34), known as the Improvement of Deteriorating Real
13 Property or Areas Tax Exemption Act, reenacted and amended
14 August 5, 1977 (P.L.167, No.42), is amended to read:
15 Section 303. Exemption Schedule; Maximum Exemption.--(a) A
16 local taxing authority granting a tax exemption pursuant to the
17 provisions of this article may provide for tax exemption on the
18 assessment attributable to the actual cost of construction of
19 the new dwelling unit in accordance with one of the following
1 [schedule] schedules:
2 (1) For the first, second and third year for which said
3 newly-constructed dwelling unit or units would otherwise be
4 taxable, [100%] one hundred per cent of the eligible assessment
5 shall be exempted; after the third year the exemption shall
6 terminate[.];
7 (2) For the first year for which said newly-constructed
8 dwelling unit or units would otherwise be taxable, one hundred
9 per cent of the eligible assessment shall be exempted; for the
10 second year, ninety per cent of the eligible assessment shall be
11 exempted; for the third through tenth years, eighty, seventy,
12 sixty, fifty, forty, thirty, twenty, and ten percent,
13 respectively, of the eligible assessment shall be exempted;
14 after the tenth year, the exemption shall terminate; or
15 (3) For the first, second, third, fourth, fifth, sixth,
16 seventh, eighth, ninth and tenth year for which said newly-
17 constructed dwelling unit or units would otherwise be taxable,
18 one hundred per cent of the eligible assessment shall be
19 exempted; after the tenth year the exemption shall terminate.
20 * * *
21 Section 2. This act shall take effect in 60 days.
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