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Senate Committee Hearing Tuesday on Property Tax Relief

October 14, 2013
HARRISBURG- Legislation that would provide property tax relief to homeowners in Pennsylvania will be the subject of a Senate Committee hearing on Tuesday at the State Capitol.

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.

Senator Smith 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 taxes.

Senator Smith says a balance must be found to adequately fund public education in the state while reducing or eliminating the tax burden on property owners.

Recently, the 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.

The Senate Finance Committee hearing will be held Tuesday, October 15th, at 9:30 a.m. in Hearing Room #1, North Office Building.

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