An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, providing for veterans property tax rebate and rent rebate assistance; establishing the Veterans Property Tax Rebate and Rent Rebate Assistance Account; imposing penalties; and making a transfer.

HB 1328 creates a new program providing property tax and rent rebates to eligible Pennsylvania veterans. It directly affects veterans honorably discharged from U.S. armed forces (including National Guard) within the past three years who live in Pennsylvania. The bill establishes income-based rebates: $650 for households earning $0-$8,000, $500 for $8,001-$15,000, $300 for $15,001-$18,000, and $250 for $18,001-$35,000 annually. A new Veterans Property Tax Rebate Account will fund these rebates, which apply to real property taxes or rent payments exceeding 15% of household income.