(3) A purchaser may claim a credit for taxes paid under
Article II of the Tax Reform Code.
(4) Parts III, IV, VI and VII of Article II of the Tax
Reform Code are incorporated by reference into this
subsection insofar as they are applicable to the tax imposed
by this subsection.
(5) No later than April 1, 2020, and each April 1
thereafter, the secretary shall certify the amount of money
collected from the taxes imposed under this subsection and
interest earned on that money. The money collected from the
taxes imposed under this subsection, and interest earned on
the money, shall be transferred into the fund for purposes of
tax relief under this section.
(6) The Department of Revenue may promulgate rules and
regulations for the implementation and administration of this
subsection.
(g) Definitions.--The following words and phrases when used
in this section shall have the meanings given to them in this
subsection unless the context clearly indicates otherwise:
"Base payment."
(1) Except as set forth in paragraph (2), the amount of
school property tax paid by the eligible claimant either in
the tax year beginning January 1, 2019, or in the first tax
year during which the claimant first becomes eligible,
whichever occurs later, on the principal residence in which
the claimant has maintained continuous occupancy and
ownership since either January 1, 2019, or the date the
claimant first becomes eligible.
(2) If the claimant purchases a principal residence
after January 1, 2019, or after the date upon which the
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