Pennsylvania HB1450 establishes a Homebuyer Rebate Program to provide rebates to qualified homebuyers.

Pennsylvania HB1450 creates the Homebuyer Rebate Program within the Department of Revenue. Qualified homebuyers can file a claim for a $2,500 rebate if they meet specific criteria, such as not having purchased a home in the Commonwealth within five years prior to the application. The program includes a fund, the Homebuyer Rebate Program Fund, which receives 10% of the tax collected under Article XI-C. The Department of Revenue is responsible for processing claims, holding hearings, and making payments.

Pennsylvania HB1450 establishes a Homebuyer Rebate Program to provide rebates to qualified homebuyers.

Pennsylvania HB1450 creates the Homebuyer Rebate Program within the Department of Revenue. Qualified homebuyers can file a claim for a $2,500 rebate if they meet specific criteria, such as not having purchased a home in the Commonwealth within five years prior to the application. The program includes a fund, the Homebuyer Rebate Program Fund, which receives 10% of the tax collected under Article XI-C. The Department of Revenue is responsible for processing claims, holding hearings, and making payments.