Pennsylvania SB407 amends the definitions and standards for disabled veterans' real estate tax exemption.
Pennsylvania SB407 amends Title 51 of the Pennsylvania Consolidated Statutes to redefine "annual income" and "income" for the purposes of determining eligibility for disabled veterans' real estate tax exemption. It specifies that annual income includes various sources such as salaries, pensions, and benefits, while excluding certain relief and dividends. The bill also tasks the commission with setting uniform standards for exemption eligibility, applying a rebuttable presumption of need for applicants with an annual income of $75,000 or less.
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