PRINTER'S NO. 2336
No. 1886 Session of 1979
INTRODUCED BY TRELLO, B. D. CLARK, GAMBLE AND SEVENTY,
OCTOBER 23, 1979
REFERRED TO COMMITTEE ON FINANCE, OCTOBER 23, 1979
AN ACT
1 Amending the act of May 22, 1933 (P.L.853, No.155), entitled "An
2 act relating to taxation; designating the subjects, property
3 and persons subject to and exempt from taxation for all local
4 purposes; providing for and regulating the assessment and
5 valuation of persons, property and subjects of taxation for
6 county purposes, and for the use of those municipal and
7 quasi-municipal corporations which levy their taxes on county
8 assessments and valuations; amending, revising and
9 consolidating the law relating thereto; and repealing
10 existing laws," providing a limited exemption from taxation
11 of residential real property of persons sixty-five years of
12 age or older in second class counties and for reimbursement
13 by the Commonwealth through the Department of Revenue for
14 loss of revenues occasioned by such exemption.
15 The General Assembly of the Commonwealth of Pennsylvania
16 hereby enacts as follows:
17 Section 1. Subsection (a) of section 204, act of May 22,
18 1933 (P.L.853, No.155), known as "The General County Assessment
19 Law," is amended by adding a clause and the section is amended
20 by adding a subsection to read:
21 Section 204. Exemptions from Taxation.--(a) The following
22 property shall be exempt from all county, city, borough, town,
23 township, road, poor and school tax, to wit:
1 * * *
2 (13) In counties of the second class, the first ten thousand
3 ($10,000) dollars of valuation of all real property owned,
4 occupied and used as a residence by a person sixty-five (65)
5 years of age or older or the spouse of a person sixty-five (65)
6 years of age or older:
7 * * *
8 (d) The Department of Revenue shall reimburse local taxing
9 authorities in counties of the second class for revenue losses
10 occasioned by the exemption provided in subsection (a)(13) from
11 funds appropriated for such purpose by the General Assembly. The
12 Department of Revenue may adopt or establish regulations,
13 procedures and forms to carry out the provisions of this
14 subsection.
15 * * *
16 Section 2. This act shall take effect immediately but shall
17 apply as to particular taxing authorities only to taxes levied
18 and assessed for fiscal years beginning January 1, 1980 and
19 thereafter.
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