PA HB465

Intermediate units must establish commercial property tax groups to collect and redistribute a portion of commercial property taxes among school districts they serve, with each district appointing one representative.

School districts must contribute property taxes collected from commercial properties assessed at $10 million or more, phasing in from 10% in year one to 70% by year seven and thereafter.

Collected funds are distributed to school districts proportionally based on each district's average daily student membership compared to total membership across the intermediate unit.

Commercial real estate includes non-residential and non-agricultural properties, with mixed-use properties taxed based on the commercial square footage portion; excludes single-family homes, condos, and townhouses sold individually.

Takes effect 60 days after enactment.