27. Increase in Per Capita Tax Exoneration Limits - Advertisement
RECOMMENDATION:
That the Board of School Directors authorize and direct the administration to advertise the board's intention to raise the Per Capita Tax exemption from a personal income level from all sources of less than five thousand dollars ($5,000) to less than ten thousand dollars ($10,000) per annum for any person who is a full-time student or age 62 or older as of July 1 of the tax year, in accordance with the Local Tax Enabling Act, as amended by Act 166 or 2002, and the Public School Code. The said new exemption level will
become effective July 1, 2003.
The administration's recommendations 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 30, 31, and 32 were considered together.