Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 8107-A - Distribution to local taxing authorities(a) From the reports received by it in each year pursuant to section 1106-A, the department shall determine: (1) The total tax receipts shown in all such reports.(2) The total realty tax equivalent shown in all such reports.(b) Except as provided in subsection (b.1), on or before the first day of October of 1971 and of each year thereafter, the department shall distribute to each reporting local taxing authority its share of the total realty tax equivalent determined pursuant to subsection (a)(2), which share shall be the ratio which the total tax receipts reported by that local taxing authority bear to the total tax receipts determined pursuant to subsection (a)(1).(b.1) On or before October 1, 1999, the department shall distribute to each reporting local taxing authority its share of the greater of: (1) the total realty tax equivalent determined pursuant to subsection (b); or(2) one hundred thirty-three million two hundred thousand dollars ($133,200,000).(c) For the purpose of making such payment, the department shall make requisition therefor in the manner prescribed by "The Fiscal Code."1971, March 4, P.L. 6, No. 2, art. XI-A, § 1107-A, added 1979, July 4, P.L. 60, No. 27, § 3, imd. effective. Amended 1999, May 12, P.L. 26, No. 4, § 22, imd. effective.