Davis announces bill to provide property tax relief through sports betting revenue
LEVITTOWN, July 17 – State Rep. Tina Davis today announced legislation she is proposing to direct the proceeds of sports betting to property tax relief in Pennsylvania.
“Far too many homeowners across Pennsylvania are feeling the burden of rising property taxes,” said Davis, D-Bucks. “Senior citizens on fixed incomes are often faced with struggling to pay for their food and medication without losing their homes.”
Davis will soon introduce a bill that would have the 34 percent tax on daily gross sports betting revenue directed to the Property Tax Relief Fund. Davis announced the legislation at a news conference at the Levittown home of Gemma Livolsi, a senior citizen on a fixed income.
Estimates from the Department of Revenue indicate the sports betting program could bring in as much as $50 million per year once the program is fully phased in. Davis’ proposal would not affect the 2 percent local share assessment that sports betting hosts pay – which is distributed through the Commonwealth Financing Authority as grants for projects of public interest.
“When gambling was introduced in Pennsylvania, we were assured property tax relief. Unfortunately, we haven’t seen as much relief as we were promised,” Davis said. “I am committed to making sure that the proceeds from any further expansion of gambling will go toward property tax relief. This is not a silver bullet, but it is one way we can help make sure seniors like Mrs. Livolsi can live without fear of losing their homes because of their property tax bills.”