PRINTER'S NO. 2839
No. 2175 Session of 1976
INTRODUCED BY D. S. HAYES, HOPKINS, BELLOMINI AND DOMBROWSKI,
FEBRUARY 25, 1976
REFERRED TO COMMITTEE ON APPROPRIATIONS, FEBRUARY 25, 1976
AN ACT
1 Authorizing loans equal to unpaid taxes on real estate of
2 certain corporations located in school districts, and making
3 an appropriation.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Whenever a corporation under the jurisdiction of
7 the State Harness Racing Commission or the State Horse Racing
8 Commission has become delinquent in the payment of taxes
9 assessed and levied against its real estate a school district in
10 the confines of which the real estate is located shall be
11 entitled to an interest-free loan from the Commonwealth of
12 Pennsylvania equal in amount to the principal of the delinquent
13 taxes.
14 Section 2. The application for a loan provided for herein
15 shall be made to the Department of Revenue.
16 Section 3. Repayment of a loan made by a school district in
17 accordance with the provisions of this act shall be made, in
18 whole or in part, by it concurrent with the obtaining by it of
1 payment for such delinquent taxes.
2 Section 4. The Department of Revenue is authorized to
3 promulgate rules and regulations for the administration of the
4 program provided for by this act.
5 Section 5. The sum of $1,000,000, or as much thereof as may
6 be necessary, is hereby specifically appropriated to the
7 Department of Revenue for the fiscal year July 1, 1975 to July
8 1, 1976 for the purpose of carrying out the provisions of this
9 act.
10 Section 6. This act shall take effect immediately.
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