Pennsylvania SB775 proposes an amendment to the state constitution to expand tax exemptions and special provisions for certain groups.

Pennsylvania SB775 proposes an amendment to the state constitution to expand tax exemptions and special provisions for certain groups. The amendment would allow the General Assembly to establish standards and qualifications for private forest reserves, agricultural reserves, and land actively devoted to agricultural use. It would also allow for special tax provisions on any increase in value of real estate resulting from residential construction, applicable for a period not to exceed two years.

Pennsylvania SB775 proposes an amendment to the state constitution to expand tax exemptions and special provisions for certain groups.

Pennsylvania SB775 proposes an amendment to the state constitution to expand tax exemptions and special provisions for certain groups. The amendment would allow the General Assembly to establish standards and qualifications for private forest reserves, agricultural reserves, and land actively devoted to agricultural use. It would also allow for special tax provisions on any increase in value of real estate resulting from residential construction, applicable for a period not to exceed two years.