Bill > HB74

This bill amends the Pennsylvania Consolidated Statutes to provide a senior property tax freeze. The key provisions include: - Establishing a "senior property tax freeze" program that allows eligible individuals aged 65 or older who have lived in Pennsylvania for at least 5 years and have a household income not exceeding $80,000 annually to have their real property taxes frozen at the base year amount as long as they remain eligible. - Requiring the Department of Community and Economic Development to develop a standardized application form, compile and publish annual data on the program's performance, and submit a report to the General Assembly after 10 years to review the program's eligibility criteria and effectiveness. - Granting all political subdivisions the authority to implement this senior property tax freeze program. - Specifying that the subchapter establishing the program will expire 10 years after the effective date, unless further extended by the legislature.