PRINTER'S NO.  1986

  

THE GENERAL ASSEMBLY OF PENNSYLVANIA

  

SENATE BILL

 

No.

1416

Session of

2012

  

  

INTRODUCED BY STACK, WILLIAMS AND WASHINGTON, MARCH 6, 2012

  

  

REFERRED TO URBAN AFFAIRS AND HOUSING, MARCH 6, 2012  

  

  

  

AN ACT

  

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Amending the act of May 22, 1933 (P.L.853, No.155), entitled "An

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act relating to taxation; designating the subjects, property

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and persons subject to and exempt from taxation for all local

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purposes; providing for and regulating the assessment and

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valuation of persons, property and subjects of taxation for

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county purposes, and for the use of those municipal and

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quasi-municipal corporations which levy their taxes on county

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assessments and valuations; amending, revising and

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consolidating the law relating thereto; and repealing

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existing laws," providing for property tax increases in

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cities of the first class.

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The General Assembly of the Commonwealth of Pennsylvania

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hereby enacts as follows:

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Section 1.  The act of May 22, 1933 (P.L.853, No.155), known

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as The General County Assessment Law, is amended to read:

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Section 207.  Property Tax Increases in Cities of the First

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Class.--In cities of the first class, property taxes shall not

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increase more than two per centum per year. This shall include

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reassessments.

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Section 2.  This act shall take effect in 60 days.