Section 6926.324 - ReimbursementNotwithstanding any other provisions of law to the contrary, the following apply:
(1) This section only applies to a taxpayer who is a resident of this Commonwealth and not a resident of a city of the first class but who is subject to the tax on salaries, wages, commissions or other compensation imposed by a city of the first class under the authority of the act of August 5, 1932 (Sp.Sess., P.L. 45, No. 45), referred to as the Sterling Act.(2) For tax years beginning in the first calendar year in which a payment under section 505(b) is made and each tax year thereafter, payment of a tax on salaries, wages, commissions or other compensation as set forth in paragraph (1) shall be credited by the school district of the taxpayer's residence at an amount no greater than the tax on salaries, wages, commissions or other compensation as set forth in paragraph (1) imposed by the school district in which the taxpayer resides.(3) Except as set forth in paragraph (4), an amount equal to the aggregate amount of the tax credited under paragraph (2) shall be paid from the fund to the school district of residence of each taxpayer under paragraph (1) for the purpose of funding homestead and farmstead exclusions in accordance with this chapter. The department shall prescribe procedures to calculate the amount due to each school district qualifying under this paragraph and shall publish the procedures in the Pennsylvania Bulletin.(4)(i) A school district that receives a payment under paragraph (3) shall receive a full payment when the amount available for distribution under section 503(e) is greater than or equal to $750,000,000.(ii) If the amount available for distribution under section 503(e) is less than $750,000,000, each eligible school district shall receive a pro rata share of the reimbursement calculated under this section. 2006, June 27, P.L. 1873, No. 1(Spec. Sess. No. 1), § 324, imd. effective.