Property tax reform package clears Pa. House committee
Four bills aimed at reducing or eliminating Pennsylvania property taxes cleared the state House Finance Committee on Monday.
This property tax reform package calls for allowing school districts to increase their earned income tax rate for property tax relief without seeking voter approval.
Another bill calls for replacing property tax revenue through EIT, mercantile or business privilege tax — or a combination of those taxes, capped at 50 percent of revenue coming from business taxes. The latter bills focus on eliminating homestead exclusion limits and giving local taxing authorities the power to exclude 100 percent of homesteads from property taxes.
The package of bills now goes before the full House, which returned this week from summer break.