The Property Tax Independence Act in Pennsylvania

Monday, May 7, 2012, 10:00 AM

Selected By: Wal22nut

Harrisburg Capitol Rotunda

North 2nd St, Harrisburg, PA (map)  

The Property Tax Independence Act will eliminate school property taxes across the Commonwealth and will replace those taxes with funding from a single state source. This page is not affiliated with any member of the Pennsylvania General Assembly. Mission To support the passage of The Property Tax Independence Act (HB 1776 and SB 1400), a bill which will eliminate school property taxes for all Pennsylvania school districts. Description

• The Property Tax Independence Act will eliminate school property taxes across the Commonwealth and will replace those taxes with funding from a single state source.

• The Property Tax Independence Act introduces a modernized school funding method that is based on 21st century economic realities.

• The Property Tax Independence Act uses in great measure our current sales tax mechanism to fund schools, restoring the original intent of the tax.

• The sales tax provides a predictable and stable funding source that is tied to economic growth. This is in clear contrast to the school property tax which is not based on economic growth and is subject to much variation.

• Current school spending regularly exceeds tax revenue and The Property Tax Independence Act addresses this problem head on by limiting school budget increases to the rate of inflation.

More info is available at http://www.ptcc.us/