An Act amending the act of June 27, 2006 (1st Sp.Sess., P.L.1873, No.1), known as the Taxpayer Relief Act, providing for additional homestead exclusion allocation; and making an appropriation.

HB 302 amends Pennsylvania's Taxpayer Relief Act to provide school districts with additional funds to reduce property taxes for homeowners with farmstead or homestead properties. School districts receive $1,000 for each qualifying property (farmstead or homestead) within their boundaries, which they must use to lower the real estate tax bill for each such property by up to $1,000 or 50% of the tax due, whichever is less. Property owners with farmstead or homestead status directly benefit from this tax reduction, while school districts must report qualifying property counts and tax reduction amounts to the Department of Education for verification. This bill creates a new funding mechanism to provide targeted property tax relief without changing existing tax rates or eligibility rules.