PENNSYLVANIA, April 20 - PRINTER'S NO. 635

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

587

Session of

2021

INTRODUCED BY SCAVELLO, STEFANO, YUDICHAK, BOSCOLA, BREWSTER AND

PITTMAN, APRIL 20, 2021

REFERRED TO FINANCE, APRIL 20, 2021

AN ACT

Amending the act of June 27, 2006 (1st Sp.Sess., P.L.1873,

No.1), entitled "An act providing for taxation by school

districts, for the State funds formula, for tax relief in

first class cities, for school district choice and voter

participation, for other school district options and for a

task force on school cost reduction; making an appropriation;

prohibiting prior authorized taxation; providing for

installment payment of taxes; restricting the power of

certain school districts to levy, assess and collect taxes;

and making related repeals," providing for a 100% homestead

and farmstead exclusion and establishing the 100% Homestead

and Farmstead Exclusion Account.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. The act of June 27, 2006 (1st Sp.Sess., P.L.1873,

No.1), known as the Taxpayer Relief Act, is amended by adding a

chapter to read:

CHAPTER 21

100% HOMESTEAD AND FARMSTEAD EXCLUSION

SUBCHAPTER A

GENERAL PROVISIONS

Section 2101. Definitions.

The following words and phrases when used in this chapter

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