|Posted:||December 5, 2018 03:59 PM|
|From:||Senator Lisa M. Boscola|
|To:||All Senate members|
|Subject:||Homestead and Farmstead Property Tax Exemption|
|In the near future, I intend to introduce legislation to eliminate school property taxes for homesteads and farmsteads in Pennsylvania. The people amended the Pennsylvania Constitution on November 7, 2017 to allow the General Assembly to extend property tax relief to homeowners by fixing the dollar amount at 100 percent of the assessed property value.
My legislation will prohibit school districts from levying property taxes on all homesteads and farmsteads in the Commonwealth as of June 30, 2020. To replace the revenues lost from the collection of these taxes, a commission will be appointed to determine the best way to ensure adequate funding in our public schools. The commission will evaluate a mix of increasing personal income tax, increasing and expanding sales and use tax or alternative tax plans.
I hope you will join me in co-sponsoring this legislation.
Introduced as SB820