Section 8723 - Local sales tax revenues in cities of the first class

Notwithstanding the provisions of section 696 of the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, an increase in grants to a school district of the first class by a city of the first class based on debt service to be paid as authorized under section 201-B(f)(1) of the Tax Reform Code shall not require a comparable increase in grants by the city in subsequent years. (Sept. 24, 2014, P.L.2452, No.131, eff. imd.) 2014 Amendment. Act 131 added section 8723.