Pennsylvania HB465 proposes a redistribution of commercial property taxes among school districts.
Pennsylvania HB465 amends the Public School Code of 1949 to introduce a new system for commercial property tax redistribution. Each intermediate unit will establish a commercial property tax group to collect a portion of commercial property taxes for redistribution to school districts. School districts will contribute a percentage of their collected commercial property taxes to these groups, which will then distribute the revenue based on each district's average daily membership.
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