An Act amending the act of December 13, 1988 (P.L.1190, No.146), known as the First and Second Class County Property Tax Relief Act, further providing for short title, for definitions, for deferral or exemption authority and for retroactive application.

This bill updates Pennsylvania's First and Second Class County Property Tax Relief Act to expand tax relief for longtime owner-occupants in specific residential areas. It allows local governments to grant property tax deferrals or exemptions to homeowners who have lived in their primary residence for at least ten years, or five years if they received government housing assistance, provided the tax increase is due to new construction or renovations in established neighborhoods. The legislation also clarifies that cities in second-class counties can create these programs independently of their counties and permits the use of past data to apply these benefits retroactively to November 1984.