PRIOR PRINTER'S NO. 2766 PRINTER'S NO. 3135
No. 2205 Session of 1993
INTRODUCED BY HALUSKA, REBER, ARMSTRONG, BATTISTO, BELFANTI,
BUNT, CAPPABIANCA, CARONE, CESSAR, CIVERA, CURRY, DALEY,
DEMPSEY, DRUCE, EGOLF, FAIRCHILD, FAJT, FARGO, FARMER,
FICHTER, GERLACH, GORDNER, HANNA, HENNESSEY, HERMAN, HERSHEY,
HUTCHINSON, KREBS, KUKOVICH, LaGROTTA, LAUB, LAUGHLIN, LEH,
LEVDANSKY, MAITLAND, MARSICO, MASLAND, McCALL, MIHALICH,
MILLER, MUNDY, NAILOR, NYCE, PETRONE, PITTS, PLATTS, RAYMOND,
ROHRER, SANTONI, SATHER, SAYLOR, SCHULER, SEMMEL, B. SMITH,
D. W. SNYDER, STEIL, STERN, STRITTMATTER, SURRA, TANGRETTI,
E. Z. TAYLOR, TIGUE, TRUE, TULLI, VANCE, FREEMAN, VAN HORNE,
WOZNIAK, M. N. WRIGHT, YANDRISEVITS, STEELMAN, TRELLO,
S. H. SMITH, MERRY, ROONEY AND WAUGH, NOVEMBER 24, 1993
AS REPORTED FROM COMMITTEE ON FINANCE, HOUSE OF REPRESENTATIVES,
AS AMENDED, JANUARY 31, 1994
AN ACT
1 Providing a AN OPTIONAL universal exemption for all real <--
2 property.
3 The General Assembly of the Commonwealth of Pennsylvania
4 hereby enacts as follows:
5 Section 1. Exemption.
6 (a) General rule.--The RULE.--UP TO THE first $20,000 of the <--
7 assessed value of any real property where assessments are based
8 on 100% of market value or 50% of the assessed value of the
9 property, whichever is less, and UP TO the first $20,000 reduced <--
10 to an amount equivalent to the assessment ratio where
11 assessments are based on a percentage less the THAN 100% of <--
12 market value or 50% of the assessed value of that property,
1 whichever is less, shall MAY be exempt from any taxes imposed on <--
2 real property by any county, municipality or school district.
3 THE AMOUNT OF ANY EXEMPTION SET FOR USE BY ANY TAXING <--
4 JURISDICTION IN THE COUNTY SHALL BE SET BY THE GOVERNING BODY OF
5 THE COUNTY.
6 (b) Lost revenue.--Revenues which are not collected as a
7 result of subsection (a) may be collected by utilizing the
8 amended taxing powers under the act of December 31, 1965 <--
9 (P.L.1257, No.511), known as The (P.L. , NO. ), <--
10 KNOWN AS THE OPTIONAL Local Tax Enabling Act.
11 Section 2. Applicability.
12 This act shall apply to all taxes on real property due on or
13 after January 1, 1995.
14 Section 3. Effective date.
15 This act shall take effect January 1, 1995.
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