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LOOP Legislation Passes Senate, Heads to the House


State Senator Jay Costa celebrates the passage of the Longtime Owner Occupant Tax Exemption Program (LOOP), which will protect homeowners living in areas with rapidly increasing property values that increase property taxes. If passed by the House and signed by Governor Shapiro, SB 219 would allow Pittsburgh’s mayor and city council to exempt or defer increases in property taxes for people who have lived in homes they own for a certain period of time in certain neighborhoods where the property values have skyrocketed.


Proposed changes to The First and Second Class County Property Tax Relief Act would involve:


Amending the title of the statute from “First and Second Class County Property Tax Relief Act” to “First and Second Class County and City Property Tax Relief Act”;

Amending occurrences of “counties of the first and second class” to read “counties and cities of the first and second class”;

Further discussion on whether any amendments to Section 4749.4(c) would be necessary; and

Amending Section 4749.5(c)(2) from “School districts and municipalities within a county of the second class may…” to read “School districts and municipalities within a county of the second class, including cities of the second class, may…”

Text of the legislation is accessible online here.

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