S0030B1768A06143 DMS:EJH 06/10/20 #90 A06143
AMENDMENTS TO SENATE BILL NO. 30
Sponsor: REPRESENTATIVE SOLOMON
Printer's No. 1768
Amend Bill, page 1, line 10, by striking out the period after
"Credit" and inserting
; and authorizing local taxing authorities to provide for tax
exemption incentives for the creation of affordable housing
units.
Amend Bill, page 15, by inserting between lines 15 and 16
Section 2. The following shall, pursuant to section 2(b)(ii)
of Article VIII of the Constitution of Pennsylvania, apply:
(1) A local taxing authority may by ordinance or
resolution exempt from real property taxation the assessed
valuation of affordable housing units in the amounts and in
accordance with the following:
(i) A local taxing authority granting a tax
exemption under this section may provide for tax
exemption on the assessment attributable to the actual
cost of new construction or improvements or up to any
maximum cost uniformly established by the municipal
corporation. The maximum cost shall uniformly apply to
all eligible property within the local taxing authority's
jurisdiction.
(ii) The real property tax exemption shall remain in
force until such time as the period of the affordability
or resale restrictions are in place.
(2) For purposes of this section, "affordable housing"
means rental housing, or housing for purchase, for which
there is a legally enforceable document, including, but not
limited to, a deed or mortgage restriction, that requires
units to be rented or sold to individuals residing in poverty
whose total amount of household income is insufficient to
adequately provide the taxpayer, the taxpayer's spouse and
dependent children with the necessities of life.
Amend Bill, page 15, line 16, by striking out "2" and
inserting
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