PA HB1450

Establishes a Homebuyer Rebate Program within the Department of Revenue providing $2,500 rebates to first-time homebuyers who purchase a home for use as their primary residence (homestead)

Funded by 10% of Pennsylvania's realty transfer tax collections, made available annually to the Department of Revenue upon request

Requires claimants to file with the department by June 30 of the year following the home purchase, with claims processed on a first-come, first-served basis until funds are exhausted

Recipients who sell their homestead within five years of receiving the rebate must refund the amount on a pro rata basis

Program expires December 31, 2030, with a report due to the Governor and General Assembly by January 31, 2030 assessing program effectiveness and recommending whether to renew