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Senate of Pennsylvania
Session of 2015 - 2016 Regular Session


Posted: January 13, 2015 02:02 PM
From: Senator Thomas J. McGarrigle
To: All Senate members
Subject: Unrealized Dividends Exempted from Income
I intend to reintroduce Senate Bill 286 of 2013, legislation that will amend the Taxpayer Relief Act to exclude unrealized dividends and stock dividends when calculating income to determine eligibility under the property tax/rent rebate program. This will assist many senior citizens who narrowly miss the eligibility income limits because of dividends from which they have not received any benefit.

Introduced as SB414