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House Finance Committee raises life-insurance exclusion for property tax/rent rebate to $10,000
Summary
The House Finance Committee unanimously approved House Bill 32 to increase the life-insurance death benefit exclusion for the Pennsylvania Property Tax/Rent Rebate program from $5,000 to $10,000; sponsors said the change updates a decades-old threshold and will prevent modest policies from disqualifying recipients.
Chairman Samuelson opened the House Finance Committee meeting and introduced House Bill 32, which would raise the life-insurance death benefit exclusion for the Pennsylvania Property Tax/Rent Rebate program from $5,000 to $10,000.
Representative Johanna Cepeda Freitas, the bill’s sponsor, said the current…
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