Property Tax Shift May Arise Again in Legislative Session
A news article pointed out that the push to do away with school property taxes by shifting the burden to higher personal income and sales (and an expanded sales base) may be returning to consideration by the General Assembly. According to the legislation’s sponsor the change in composition in the membership of the Senate provides optimism that the proposal could pass.
In 2014 we wrote about two different proposals to eliminate/reduce school property taxes, with the Property Tax Independence Act being much closer to what has moved forward since then. A year later we examined the then-newly elected Governor’s plan to advance a tax shift and how that would impact a taxpayer in one of three Allegheny County school districts. Last year we noted how difficult it would be to allocated the money back to the state’s districts if a state-local revenue swap were enacted.
We will monitor and evaluate plans as they develop in the coming legislative session.