DeLuca to unveil bill that could generate more than $100 million for seniors
Measure to focus on taxing advertisements
HARRISBURG, Sept. 12 – On Wednesday, state Rep. Tony DeLuca, D-Allegheny, plans to introduce legislation that has the potential to earmark more than $100 million for senior citizen property tax relief.
DeLuca will roll out his legislation, H.B. 1565, at a news conference at 10 a.m. Wednesday, Sept. 18, in the Capitol Media Center.
Funding for property tax relief would come from taxation on advertisements, DeLuca said, referencing the vast amounts of money spent on advertisements each year.
“Advertisements are not taxed, and that’s a giveaway to big business,” DeLuca said. “Why not capture some of the millions of dollars large corporations are paying for ad time and direct that revenue to much-needed relief to our senior citizens?”
If enacted into law, DeLuca said the taxing of advertisements could generate an estimated $135 million for senior citizen property tax relief.