Add §1527-a, amd §§2022 & 3602, Ed L; add §§431, 431-a & 901, amd §1573, RPT L; add §25, Gen Muni L
Relates to the school property tax reduction act; establishes the blue ribbon commission on property tax reform; relates to state assistance for local real property reassessment, state assistance to assessing units within a school district, providing a fixed real property assessed value for residential real property owned by certain persons over the age of 65 and providing state reimbursement to municipalities for lost real property tax revenue; and relates to requiring the state to fund certain programs mandated for municipal corporations or school districts.
