Senate Bill 929 Printer's Number 1049

PENNSYLVANIA, July 14 - June 30, 2029 , less the annual debt service legally obligated to

be paid by the school district during the fiscal year ending

June 30, 2029 . The maintenance and support of school districts

may include, but need not be limited to:

(1) A State tax on each separate sale at retail of tangible

personal property or services in this Commonwealth.

(2) A State tax on the receipt of income by every resident

individual, estate or trust.

(3) A local tax on the receipt of income by every resident

individual, estate or trust.

(4) A local tax on earned income and net profits.

by general, local or special law, for a tax on real property.

(d) Except for taxes imposed under subsection (b)(3) and

(4), all proceeds from other taxes imposed under subsection (b)

shall be deposited into a separate fund in the State Treasury,

to be known as the Stabilization of Education Fund, and shall be

used for the purpose of the maintenance and support of school

districts required under subsection (a). The money in the fund

may not be diverted by transfer or otherwise to any other

purpose.

Section 2. The following procedure applies to the proposed

constitutional amendment in this joint resolution:

(1) Upon the first passage by the General Assembly of

the amendment, the Secretary of the Commonwealth shall

proceed immediately to comply with the advertising

requirements of section 1 of Article XI of the Constitution

of Pennsylvania.

(2) Upon the second passage by the General Assembly of

the amendment, the Secretary of the Commonwealth shall

20250SB0929PN1049 - 2 -