CORRECTIVE REPRINT TO A03762
H0657B2725A03806 DMS:JMT 03/26/24 #90 A03806
AMENDMENTS TO HOUSE BILL NO. 657
Sponsor: REPRESENTATIVE HEFFLEY
Printer's No. 2725
Amend Bill, page 1, line 3, by inserting after "AGREEMENTS;"
providing for certain transfers to Property Tax Relief Fund;
Amend Bill, page 1, lines 8 and 9, by striking out
"Transparency in Realty Agreements" and inserting
Homestead Protection
Amend Bill, page 1, by inserting between lines 13 and 14
"Homestead property." An owner-occupied dwelling for which
an application for a reduction in real estate taxes has been
submitted and approved under 53 Pa.C.S. ยง 8584 (relating to
administration and procedure).
Amend Bill, page 1, line 16, by inserting after "property"
, including homestead properties
Amend Bill, page 2, line 2, by striking out "residential
real" and inserting
a homestead
Amend Bill, page 2, line 4, by striking out "residential
real" and inserting
a homestead
Amend Bill, page 5, line 17, by inserting after
"ASSOCIATION."
The term includes an individual who owns a homestead
property.
Amend Bill, page 5, line 30, by inserting after "UNITS."
The term includes a homestead property.
Amend Bill, page 6, lines 10 through 15, by striking out all
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of said lines and inserting
(a) Unenforceability and violation of other State law.--
(1) If a violation of section 3 or 4 occurs, the realty
agreement shall be deemed unenforceable and the violation
shall constitute an unfair method of competition and an
unfair or deceptive act or practice under the act of December
17, 1968 (P.L.1224, No.387), known as the Unfair Trade
Practices and Consumer Protection Law.
(2) Any civil penalty levied under section 8 of the
Unfair Trade Practices and Consumer Protection Law as a
result of a violation under this subsection shall be
deposited into the Property Tax Relief Fund.
Amend Bill, page 6, by inserting between lines 22 and 23
Section 8. Transfers to Property Tax Relief Fund.
In addition to any other transfer required by law, 1.75% of
the amount collected monthly under Article II of the act of
March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of
1971, shall be deposited into the Property Tax Relief Fund by
the 20th day of each month for the preceding month. Amounts
deposited under this section shall be used for distribution for
homestead property tax relief under the act of June 27, 2006
(1st Sp.Sess., P.L.1873, No.1), known as the Taxpayer Relief
Act.
Amend Bill, page 6, line 23, by striking out "8" and
inserting
9
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