Posted: | January 17, 2017 01:53 PM |
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From: | Senator Thomas J. McGarrigle |
To: | All Senate members |
Subject: | Unrealized Dividends Exempted from Income |
I intend to reintroduce Senate Bill 414 of 2015, 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. If you have any questions please contact Daena Prinsen at dprinsen@pasen.gov. Previous co-sponsors include: Vulakovich, Boscola, Mensch, Folmer, Baker, Yaw, Fontana, Hughes, Costa, Browne, Smith, Rafferty and Tomlinson |
Introduced as SB188