An Act amending the act of May 22, 1933 (P.L.853, No.155), known as The General County Assessment Law, in subjects of taxation and exemptions, further providing for temporary tax exemption for residential construction.

HB 1214 temporarily exempts new residential construction from county property taxes under the General County Assessment Law. It directly affects homeowners and developers building new single-family homes or residential units. The bill creates a limited-duration tax break, meaning newly constructed homes would not be taxed at full market value during the exemption period, instead being assessed at a lower rate. This change applies only to new residential construction, not existing homes or other property types.