PRIOR PRINTER'S NOS. 2766, 3135 PRINTER'S NO. 3464
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 RE-REPORTED FROM COMMITTEE ON APPROPRIATIONS, HOUSE OF
REPRESENTATIVES, AS AMENDED, APRIL 6, 1994
AN ACT
1 Providing an optional universal exemption for all real property.
2 The General Assembly of the Commonwealth of Pennsylvania
3 hereby enacts as follows:
4 Section 1. Exemption.
5 (a) General rule.--Up to the first $20,000 of the assessed <--
6 value of any real property where assessments are based on 100%
7 of market value or 50% of the assessed value of the property,
8 whichever is less, and up to the first $20,000 reduced to an
9 amount equivalent to the assessment ratio where assessments are
10 based on a percentage less than 100% of market value or 50% of
11 the assessed value of that property, whichever is less, may be
12 exempt from any taxes imposed on real property by any county,
1 municipality or school district. The amount of any exemption set
2 for use by any taxing jurisdiction in the county shall be set by
3 the governing body of the county.
4 (A) GENERAL RULE.-- <--
5 (1) FOR TAXING JURISDICTIONS WHERE THE ESTABLISHED
6 PREDETERMINED RATIO IS 100% OF MARKET VALUE, THE LESSER OF
7 THE FOLLOWING AMOUNTS MAY BE EXEMPT FROM ANY TAXES IMPOSED ON
8 REAL PROPERTY BY ANY COUNTY, MUNICIPALITY OR SCHOOL DISTRICT:
9 (I) UP TO THE FIRST $20,000 OF THE ASSESSED VALUE OF
10 EACH PARCEL OF REAL PROPERTY WITHIN THE TAXING
11 JURISDICTION; OR
12 (II) UP TO 50% OF THE ASSESSED VALUE OF EACH PARCEL
13 OF REAL PROPERTY WITHIN THE TAXING JURISDICTION.
14 (2) FOR TAXING JURISDICTIONS WHERE THE ESTABLISHED
15 PREDETERMINED RATIO IS LESS THAN 100% OF MARKET VALUE, THE
16 LESSER OF THE FOLLOWING AMOUNTS MAY BE EXEMPT FROM ANY TAXES
17 IMPOSED ON REAL PROPERTY BY ANY COUNTY, MUNICIPALITY OR
18 SCHOOL DISTRICT:
19 (I) UP TO THE AMOUNT ARRIVED AT BY MULTIPLYING
20 $20,000 BY THE ESTABLISHED PREDETERMINED RATIO CURRENTLY
21 IN EFFECT FOR THE TAXING JURISDICTION; OR
22 (II) UP TO 50% OF THE ASSESSED VALUE OF EACH PARCEL
23 OF REAL PROPERTY WITHIN THE TAXING JURISDICTION.
24 (3) THE AMOUNT OF AN EXEMPTION SET FOR USE BY ANY TAXING
25 JURISDICTION SHALL BE SET BY THE GOVERNING BODY OF THAT
26 TAXING JURISDICTION.
27 (b) Lost revenue.--Revenues which are not collected as a
28 result of subsection (a) may be collected by utilizing the
29 taxing powers under the act of (P.L. , No. ),
30 known as the Optional Local Tax Enabling Act.
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1 Section 2. Applicability.
2 This act shall apply to all taxes on real property due on or
3 after January 1, 1995.
4 Section 3. Effective date.
5 This act shall take effect January 1, 1995.
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