H1646B2316A03291 NAD:EJH 12/12/23 #90 A03291
AMENDMENTS TO HOUSE BILL NO. 1646
Sponsor: REPRESENTATIVE HEFFLEY
Printer's No. 2316
Amend Bill, page 2, line 5, by inserting after "INDIVIDUAL;"
providing for additional homestead exclusion allocation and
making an appropriation;
Amend Bill, page 8, by inserting between lines 25 and 26
Section 2. The act is amended by adding an article to read:
ARTICLE VII-A
ADDITIONAL HOMESTEAD EXCLUSION ALLOCATION
Section 701-A. Scope of article.
This article relates to an additional homestead exclusion
allocation.
Section 702-A. Definitions.
The following words and phrases when used in this article
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Farmstead property." As defined in 53 Pa.C.S. § 8582
(relating to definitions) .
"Homestead property." As defined in 53 Pa.C.S. § 8401
(relating to definitions).
Section 703-A. Additional property tax reduction allocation.
(a) Allocation.--Notwithstanding any other provision of law,
for calendar year 2024, a school district shall receive an
allocation equal to t he total number of farmstead properties
plus the total number of homestead properties in the school
district multiplied by $1,000.
(b) Uses.--A school district shall use the allocation under
subsection (a) to provide an additional exclusion equal to 50%
of the real estate tax due to the school district for each
farmstead property and homestead property in the school
district, or $1,000, whichever is less.
(c) Report and certification.--Prior to the allocation of
funds under subsection (a), a school district shall submit a
report to the Department of Education with the total number of
farmstead properties and homestead properties in the school
district and the total amount of real estate taxes to be
reduced. The Department of Education shall certify the total
number of all farmstead properties and all homestead properties
reported and the total amount of real estate taxes to be
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reduced, by school district, and transmit a copy of the
certification to the Appropriations Committee of the Senate and
the Appropriations Committee of the House of Representatives.
Section 704-A. Appropriation.
The General Assembly shall appropriate money from the Budget
Stabilization Reserve Fund to the Department of Education for
th e amount determined under section 703-A(c) for the purpose of
making allocations under section 703-A(a).
Amend Bill, page 8, line 26, by striking out "2" and
inserting
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See A03291 in
the context
of HB1646