53 Pa. Stat. § 6926.502
The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"Allocation maximum." A numerical value of 0.4 plus the modifier calculated under section 503(c)(2). The value, including the maximum modifier, shall not exceed 0.6.
"Allocation minimum." A numerical value of 0.1 plus the modifier calculated under section 503(c)(1). The value, including the minimum modifier, shall not exceed 0.15.
"Department." The Department of Education of the Commonwealth.
"Estimated local revenue calculation." The compensation and net profits component of the 2002 personal income valuation certified by the Secretary of Revenue under section 2501(9.1) of the act of March 10, 1949 (P.L. 30, No. 14), known as the Public School Code of 1949, multiplied by 0.1%.
"Fund." The Property Tax Relief Fund established under 4 Pa.C.S. § 1409 (relating to Property Tax Relief Fund).
"Income tax." A tax on earned income and net profits or a tax on personal income pursuant to Chapter 3.
"Property tax reduction index." A quotient equal to the sum of the numerical rank of a school district's personal income valuation per average daily membership, the numerical rank of its market value/income aid ratio, the numerical rank of its equalized millage and the numerical rank of its school tax ratio, divided by 1,000.
"Property Tax Relief Reserve Fund." The fund established in section 504.
"Residential property tax." The dollar value of real property taxes paid by residential property owners in a school district, determined by multiplying the real property taxes collected by the school district times the percentage of the total property value in the school district classified as residential by the State Tax Equalization Board.
"School district." As defined in section 302 and including a school district of the first class.
"School tax ratio." The dollar value of local taxes collected by the school district or by a city of the first class for a school district of the first class divided by the personal income valuation of the school district.
"Secretary." The Secretary of the Budget of the Commonwealth.
53 P.S. § 6926.502