The committee hearing will focus on Senate Bill 76 and
House Bill 76. Both bills are intended
to eliminate school property taxes by increasing the State Personal Income Tax
and the State Sales Tax to replace the revenue that would be lost by
eliminating school property taxes.
Senator Matt Smith
says rising school property taxes, particularly in western Pennsylvania, is a
major issue facing property owners, especially senior citizens who are
struggling to stay in their homes.
says he’s looking forward to hearing from the state’s Independent Fiscal Office
on how much money increasing the income tax and sales tax would bring in and if
it would be enough to offset a reduction or elimination of school property
says a balance must be found to adequately fund public education in the state
while reducing or eliminating the tax burden on property owners.
House of Representatives defeated an attempt to pass a bill that included the
language of HB 76. Some lawmakers who
opposed the legislation said it would not generate enough revenue to eliminate
school property taxes, while others said it placed an unfair tax burden on
families who rent an apartment or home.
Finance Committee hearing will be held Tuesday, October 15th, at 9:30 a.m. in
Hearing Room #1, North Office Building.