Eliminates school district property taxes and imposes county and school district taxes.

Pennsylvania SB962 eliminates school district property taxes and imposes county and school district taxes. It establishes the School District Property Tax Elimination Fund and the School District Emergency Fund. The bill consolidates Articles II and III of the Tax Reform Code of 1971, and makes various amendments to sales and use tax, personal income tax, and other tax provisions. Key provisions include the elimination of certain sales tax exclusions, the imposition of a local personal income tax, and the transfer of certain tax revenues to county accounts.

Eliminates school district property taxes and imposes county and school district taxes.

Pennsylvania SB962 eliminates school district property taxes and imposes county and school district taxes. It establishes the School District Property Tax Elimination Fund and the School District Emergency Fund. The bill consolidates Articles II and III of the Tax Reform Code of 1971, and makes various amendments to sales and use tax, personal income tax, and other tax provisions. Key provisions include the elimination of certain sales tax exclusions, the imposition of a local personal income tax, and the transfer of certain tax revenues to county accounts.