Bill
Bill > SB26
summary
Introduced
04/02/2025
04/02/2025
In Committee
04/02/2025
04/02/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Amending the act of August 26, 1971 (P.L.351, No.91), entitled "An act providing for a State Lottery and administration thereof; authorizing the creation of a State Lottery Commission; prescribing its powers and duties; disposition of funds; violations and penalties therefor; exemption of prizes from State and local taxation and making an appropriation," in State Lottery, further providing for powers and duties of secretary.
AI Summary
This bill amends the State Lottery Law by modifying the percentage of lottery revenues dedicated to property tax relief and reduced fare transit services for elderly residents. Specifically, the bill removes the existing schedule of percentage allocations that was previously in place for different fiscal year periods (which ranged from 27% to 20% depending on the time frame). By deleting these specific percentage requirements, the bill appears to provide more flexibility to the lottery secretary in determining the exact percentage of revenues to be allocated to property tax relief and senior transit services. The change essentially eliminates the rigid percentage mandates that were previously set for various fiscal year periods between 2014 and 2029. The bill will take effect 60 days after its enactment, giving state lottery administrators time to adjust their revenue allocation practices. This modification potentially allows for more adaptable financial management of lottery revenues while maintaining the commitment to supporting property tax relief and senior transit services.
Committee Categories
Health and Social Services
Sponsors (3)
Last Action
Referred to Aging & Youth (on 04/02/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...