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§ 895.704. Distribution formula

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 53 P.S. Municipal and Quasi-Municipal Corporations

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 53 P.S. Municipal and Quasi-Municipal Corporations
Part I. General Municipal Law
Chapter 8C. Municipal Pension Plan Funding Standard and Recovery Act (Refs & Annos)
Chapter 7. Foreign Fire Insurance Tax Distribution (Refs & Annos)
53 P.S. § 895.704
§ 895.704. Distribution formula
Currentness
Except as provided in section 705,1 the amount to be paid to each municipality shall be determined as follows:
(1) fifty percent of the fund shall be distributed based on the population of each municipality in proportion to the population of the entire Commonwealth, based upon the latest national population census as reported by the United States Bureau of Census; and
(2) fifty percent of the fund shall be distributed based on the market value of real estate of each municipality in proportion to the market value of real estate for the entire Commonwealth, based upon the most recent statistics from the State Tax Equalization Board.

Credits

1984, Dec. 18, P.L. 1005, No. 205, § 704, effective Jan. 1, 1985.

Footnotes

1
53 P.S. § 895.705.
53 P.S. § 895.704, PA ST 53 P.S. § 895.704
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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