Governor Shapiro's recently announced Property Tax expansion provides the largest tax break for seniors in nearly two decades...
Governor Josh Shapiro recently signed House Bill 1100 into law, which expands the Property Tax/Rent Rebate (PTRR) program to nearly 175,000 more Pennsylvania seniors while doubling rebates for over 400,000 Pennsylvanians.
The maximum rebate for seniors will be raised from $650 to $1,000. It's also worth mentioning the income cap for renters/homeowners will increase to $45,000 per year. The bill also ties the cap to increases in the cost of living, so senior citizens don't lose out simply because their Social Security payment increased, per a statement by the Governor's office.
“When I traveled across the Commonwealth on my campaign last year, I heard firsthand from seniors who told me that we need to do more to help them keep up with rising prices," said Governor Shapiro in a statement. "Whether I was here in Scranton or out in Erie, an overwhelming number of older Pennsylvanians told me they were struggling under the burden of rising costs – and I promised that my Administration would lead the way by tackling rising costs and putting money back in your pockets.”
"After more than 17 years, this bill provides a crucial update to the Property Tax/Rent Rebate program that will finally ensure more of our seniors get the relief they need," he continued. "This bill, which passed with bipartisan support, proves we can come together for our seniors, and give them the relief they need to improve their quality of life.”
“I was an invited guest when Governor Shapiro gave his budget address on March 7," said Gaylene, a resident of Scranton. “Governor Shapiro campaigned on improving and expanding the Property Tax/Rent Rebate program – and he’s following through on his promise to seniors here in Pennsylvania. Under the bill that he signed today in Scranton, our maximum standard rebate will increase from $650 to $1,000. That might not seem like a whole lot of money to you, but for thousands of older Pennsylvanians, it’s a lifeline that helps pay the bills, and I know that to be true.”
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