Bill Would Allow Small Businesses to Pay
Their School Taxes in Installments
HARRISBURG - Small businesses would have the option to pay their school property taxes in installments, under legislation sponsored by Senator Joe Scarnati (R-Jefferson) that passed the Senate yesterday.
“As a former small business owner, I know that it is sometimes difficult for these businesses to have the cash flow at a certain time to pay their school taxes in one lump sum,” Scarnati said. “This will allow these companies to spread out the payments a bit.”
Scarnati said that since 2006, with the passage of the Taxpayer Relief Act, certain property owners have had the option to pay school property taxes in installments, through farmstead and homestead exemptions. His bill would extend that option to businesses with 50 or fewer employees.
“In these tough economic times, I believe it is important to help our small businesses – which are the economic engines and job-creators in our communities,” Scarnati said. “This commonsense legislation will make it easier for small business owners to budget and pay their school taxes.”
“As a former small business owner, I know that it is sometimes difficult for these businesses to have the cash flow at a certain time to pay their school taxes in one lump sum,” Scarnati said. “This will allow these companies to spread out the payments a bit.”
Scarnati said that since 2006, with the passage of the Taxpayer Relief Act, certain property owners have had the option to pay school property taxes in installments, through farmstead and homestead exemptions. His bill would extend that option to businesses with 50 or fewer employees.
“In these tough economic times, I believe it is important to help our small businesses – which are the economic engines and job-creators in our communities,” Scarnati said. “This commonsense legislation will make it easier for small business owners to budget and pay their school taxes.”
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