Bill Information

An Act amending Title 53 (Municipalities Generally) of the Pennsylvania Consolidated Statutes, further providing for automatic certification, for definitions, for applicability, for ordinances on lease rental debt, for small borrowing for capital purposes and for management of funds; authorizing school districts to impose an earned income and net profits tax; providing for the levying, assessment and collection of an amusement or admissions tax, a sign tax, a motor vehicle transfer tax and a mercantile tax; providing for the utilization of earned income and net profits tax revenues; authorizing political subdivisions to exclude from taxation a portion of the assessed value of homestead property and farmstead property; providing limitations on exclusions for homestead and farmstead property; establishing a process for administering exclusions for homestead and farmstead property; providing for the rights and privileges of taxpayers with respect to certain taxes levied by political subdivisions; making an appropriation; making repeals; and making editorial changes.