Bill Information

An Act providing for the reduction of real property taxes and the elimination of other taxes; authorizing counties and political subdivisions to impose certain taxes; providing for the levying, assessment and collection of such taxes; imposing limitations on tax revenues; establishing a program to assist political subdivisions of individuals paying nonresident earned income taxes; establishing a grant and loan program for assessment quality and improvements; establishing a Local Tax Reform Fund and Quality Assessment Revolving Loan Account; providing for a senior citizens real property tax deferral program; providing for the powers and duties of the Department of Community Affairs, the Department of Revenue, the Secretary of the Commonwealth, the Legislative Reference Bureau and the State Tax Equalization Board; imposing penalties; and making repeals.