Homestead
The Taxpayer Relief Act special session Act 1 of 2006 was signed into law by Governor Rendell on June 27, 2006. Act 1 required each school district to appoint a tax study commission to make a non-binding recommendation regarding additional earned income tax or a personal income tax to fund homestead/farmstead exclusions. As part of the 2007 primary election, a referendum question must be approved to levy, assess and collect on earned income tax or a personal income tax to fund the homestead/farmstead exclusions. Act 1 also provides school districts the means to lower property taxes by using the funding that may be provided using gaming revenues.