Bill > HB32

This bill modifies the definition of "income" in the Taxpayer Relief Act, specifically increasing the exemption for life insurance death benefit payments from $5,000 to $10,000. The change means that when calculating income for senior citizens' property tax and rent rebate assistance, the first $10,000 of death benefit payments will now be excluded from total income calculations, up from the previous $5,000 threshold. The bill maintains other existing provisions about income calculation, such as including salaries, wages, pensions, Social Security benefits, and other forms of income, while continuing to exclude certain types of payments like veterans' disability payments and property tax rebates. The modification appears designed to provide slightly more financial flexibility for seniors by reducing the amount of death benefits that count toward their total income when determining eligibility for property tax and rent rebate programs. The bill will take effect 60 days after its enactment.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=32