Wednesday, March 7, 2012

PA State Rep. Seth Grove Unveils Property Tax Elimination Plan

From a press released issued today by state Rep. Seth Grove on a bill designed to ease the tax burden on Pennsylvania property owners:
Rather than a one-size-fits-all solution, Grove’s House Bill 2230 proposes to allow counties, through voter referendum, to enact a 1 percent county-level sales tax to reduce school property tax millage rates.

The legislation would also allow local taxing authorities to levy a local income tax, with the option of a Personal Income Tax (PIT) or an Earned Income Tax (EIT). The revenue collected would offset a reduction in property taxes by at least 30 percent, depending on the tax rate. Local taxing authorities could opt to completely eliminate property taxes under the plan.

Grove’s proposal includes inflationary guidelines on tax increases for municipalities, public school districts and counties, which would be compelled to freeze property taxes if they opt to enact a tax shift. School districts would be subject to Act 1 inflationary index requirements and exceptions.
Read more at the link below:

PA State Rep. Seth Grove - Grove Unveils Property Tax Elimination Plan

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