PAR’s new site, RealReform76.com promotes Senate Bill 76
An exciting new website, RealReform76.com, launched last week. The website highlights the benefits of Senate Bill 76 and is part of the Pennsylvania Association of Realtors®’ (PAR) efforts to promote and support this property tax reform legislation.
“RealReform76.com will help both consumers and our members understand the merits of Senate Bill 76. We believe SB 76 offers a fiscally responsible option for property tax reform,” said Bette McTamney, PAR president. “We encourage Realtors® to visit RealReform76.com and contact their senators. If your senator already supports Senate Bill 76, we want to thank them. If your senator doesn’t support this legislation, we want to urge them to do so.”
RealReform76.com has a “Myths vs. Facts” section that corrects many of the rumors circulating about SB 76. In addition, consumers may share their personal stories on how property taxes have adversely affected them.
“As a strong proponent of private property rights, PAR believes it is important to maintain an environment that is conducive to encouraging home ownership. SB 76 will make Pennsylvania a more attractive state for economic development and homeownership,” said Greg Herb, chair of PAR’s Property Tax Reform Task Force.
“Other proposed property tax reform legislation offers a patchwork approach to reform and there are no guarantees that property taxes will be eliminated at the local level,” McTamney added.
SB 76 proposes to eliminate property taxes dedicated to school districts and replaces the funding by raising the personal income tax from 3.07 to 4.34 percent and increasing and broadening the sales tax from 6 to 7 percent to include previously exempted items. Based on an economic impact study by Anderson Economic Group, the bill is nearly revenue neutral. PAR is working with the sponsors of the legislation to address drafting errors. Once corrected, PAR’s economist believes the bill will be revenue neutral. The economic study also shows that even with the increase in personal income tax (PIT), Pennsylvania would still have a lower PIT than surrounding states.
— Real Reform 76 (@RealReform76) October 11, 2013