Bill > SB407

This bill updates the definitions and provisions related to the disabled veterans' real estate tax exemption in Pennsylvania by expanding the types of income considered when determining eligibility and modifying how income thresholds are adjusted. Specifically, the bill broadens the definition of "income" to include additional sources such as realized capital gains, rentals, workers' compensation, and gifts over $300, while excluding certain benefits like property tax rebates and inflation dividends. For applicants with annual income of $75,000 or less, the bill establishes a presumption of need for the tax exemption, and mandates that the commission increase the income threshold every two years based on the average Consumer Price Index change. For applicants with income exceeding $75,000, the commission will continue to require proof of need for the exemption. The bill also updates the process for publishing adjusted income levels, requiring the commission to transmit this information to the Legislative Reference Bureau for publication in the Pennsylvania Bulletin. These changes aim to provide clearer guidelines and potentially expand access to property tax exemptions for disabled veterans based on their financial circumstances.

Military Affairs and Security

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=407