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Testimony from Joint Republican and Democratic Policy Discussion - PAR President-Elect Kim Skumanick and Jason Horowitz from Anderson Economic Group
Anderson Economic Group Presentation at the PAR Fall Business Meetings, September 2013
The Pennsylvania Association of Realtors® is committed to real property tax reform in the Commonwealth. It appears, however, that the legislative process on Senate Bill 76 is at a standstill. The Senate has made other legislative issues priorities - such as the $1.7 billion budget deficit, ever-increasing pension liabilities and liquor privatization. At this time, Senate Bill 76 cannot garner the votes needed to move it out of the Senate Finance Committee. The association is grateful to those courageous senators who continue to support this historic reform. We continue to take part in weekly strategic planning meetings on Senate Bill 76.
Thousands of consumers continue to be dedicated to achieving property tax reform. RealReform76.com has seen more than 48,000 visits, with nearly 6,500 emails sent to senators and 600 stories shared on the website.
PAR’s Board of Directors voted to support Senate Bill 76 and House Bill 76 at its 2013 Fall Business Meetings in Harrisburg. SB 76 and HB 76 propose to eliminate property taxes dedicated to school districts and replace the funding by raising the personal income tax from 3.07 percent to 4.34 percent and increasing and broadening the sales tax from 6 to 7 percent to include previously untaxed items. Based on an economic impact study conducted by Anderson Economic Group, the bill works.
In addition, Keystone Analytics, a wholly owned PAR company, conducted surveys of Pennsylvania voters and determined a majority support property tax reform. Consumers believe property tax reform is important for Pennsylvania.
PAR believes that this reform is important to maintain the real estate industry recovery in the Commonwealth.