PRINTER'S NO. 3076
No. 2316 Session of 1976
INTRODUCED BY McCLATCHY, PITTS, PANCOAST, FAWCETT AND WEIDNER,
APRIL 6, 1976
REFERRED TO COMMITTEE ON FINANCE, APRIL 6, 1976
AN ACT
1 Amending the act of May 22, 1933 (P.L.853, No.155), entitled "An
2 act relating to taxation; designating the subjects, property
3 and persons subject to and exempt from taxation for all local
4 purposes; providing for and regulating the assessment and
5 valuation of persons, property and subjects of taxation for
6 county purposes, and for the use of those municipal and
7 quasi-municipal corporations which levy their taxes on county
8 assessments and valuations; amending, revising and
9 consolidating the law relating thereto; and repealing
10 existing laws," providing a limited exemption from taxation
11 of residential real property of persons sixty-five years of
12 age or older and for reimbursement by the Commonwealth
13 through the Department of Revenue for loss of revenues
14 occasioned by such exemption.
15 The General Assembly of the Commonwealth of Pennsylvania
16 hereby enacts as follows:
17 Section 1. Subsection (a) of section 204, act of May 22,
18 1933 (P.L.853, No.155), known as "The General County Assessment
19 Law," is amended by adding a clause and the section is amended
20 by adding a subsection to read:
21 Section 204. Exemptions from Taxation.--(a) The following
22 property shall be exempt from all county, city, borough, town,
23 township, road, poor and school tax, to wit:
24 * * *
1 (13) All real property owned, occupied and used as a
2 residence by a person sixty-five (65) years of age or older or
3 the spouse of a person sixty-five (65) years of age or older:
4 Provided, That such exemption shall apply only to the extent of
5 the increase in the assessed valuation of such real property
6 after the owner or spouse has reached age sixty-five (65): And,
7 further provided, That the exemption shall apply only to
8 increases in assessments but shall not apply to original
9 assessments of new construction.
10 * * *
11 (d) The Department of Revenue shall reimburse local taxing
12 authorities for revenue losses occasioned by the exemption
13 provided in clause (13) of subsection (a) of this section from
14 funds appropriated for such purpose by the General Assembly. The
15 Department of Revenue may adopt or establish regulations,
16 procedures and forms to carry out the provisions of this
17 subsection.
18 Section 2. This act shall take effect immediately but shall
19 apply as to particular taxing authorities only to taxes levied
20 and assessed for fiscal years beginning January 1, 1976 and
21 thereafter.
C2L45JR/19760H2316B3076 - 2 -