PRINTER'S NO. 2200
No. 1797 Session of 1979
INTRODUCED BY SALVATORE, McKELVEY, PERZEL, D. M. O'BRIEN,
GRUPPO, ROCKS, GIAMMARCO, JONES, PUCCIARELLI, McMONAGLE AND
BORSKI, OCTOBER 2, 1979
REFERRED TO COMMITTEE ON FINANCE, OCTOBER 2, 1979
AN ACT
1 Providing a limited exemption from taxation of residential real
2 property of certain retired persons and for reimbursement by
3 the Commonwealth through the Department of Revenue for loss
4 of revenues occasioned by such exemption.
5 The General Assembly of the Commonwealth of Pennsylvania
6 hereby enacts as follows:
7 Section 1. Exemption from taxation.
8 All real property owned, occupied and used as a residence by
9 a retired person 65 years of age or older or the spouse of a
10 retired person 65 years of age or older shall be exempt from all
11 county, city, borough, town, township, road, poor and school
12 tax: Provided, That such exemption shall apply only to the
13 extent of the first $10,000 of the assessed valuation of such
14 real property: And provided further, That such exemption shall
15 apply only to such real property which has been owned, occupied
16 and used as a residence for a continuous period of five years
17 immediately prior to the fiscal year for which such exemption
18 shall be applicable. This exemption shall apply only to any
1 owner whose household income is $10,000 or less. Household
2 income means all income received by the owner and all other
3 persons while residing in the homestead during a calendar year
4 in which real property taxes are due and payable, but shall not
5 include the income of residents not related to the owner paying
6 reasonable fixed rents.
7 Section 2. Commonwealth reimbursement.
8 The Department of Revenue shall reimburse local taxing
9 authorities for revenue losses occasioned by the exemption
10 provided in section 1 from funds appropriated for such purpose
11 by the General Assembly or from moneys in the General Fund which
12 are available and may lawfully be used for such purpose. The
13 Department of Revenue may adopt or establish regulations,
14 procedures and forms to carry out the provisions of this act.
15 Section 3. Effective date.
16 This act shall take effect immediately but shall apply as to
17 particular taxing authorities only to taxes levied and assessed
18 for fiscal years beginning not less than six months from the
19 effective date of this act.
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