Posted: | January 1, 2013 01:53 PM |
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From: | Representative Mario M. Scavello |
To: | All House members |
Subject: | Homeowners Association Contributions Tax Deduction |
As you all are aware, many homeowners across the State are having a difficult time keeping up with all of their financial obligations as it relates to their home. In response to this, several bills have been introduced with the intent of removing a portion of the burden homeowners are shouldering. However, I plan to take a different approach in providing relief for homeowners across the State. In the near future, I plan to re-introduce legislation (former HB 202) that will assist all Pennsylvania homeowners that are required to contribute to a homeowners association. If enacted, my legislation would permit homeowners to deduct 75% of the total amount they remitted to a qualifying association from their State PIT return. Our current economic climate has placed a large burden on homeowners by adding additional or increasing financial obligations. Former co-sponsors: BARRAR , BOYD , CARROLL , GEIST , GROVE, HARKINS , KILLION , KORTZ , D. O'BRIEN , O'NEILL , READSHAW , REICHLEY , WATSON , GABLER, KAVULICH, PETRI , MURT , HARHART , R. BROWN and AUMENT |
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View Attachment |
Introduced as HB551