Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 16101. Authorization;  subjects of taxation;  exception

(a) The council of any city of the first class, coterminous with a school district of the first class may, by ordinance, authorize the board of public education of such school district to impose taxes for the purposes of such school district on any persons, transactions, occupations, privileges, subjects, and real and personal property which may now or hereafter be taxable by such city for general revenue purposes, except that no such ordinance shall authorize the imposition of a tax on the wages, salary or net income of any person not a resident of such school district.

(b) The council of any city of the first class, coterminous with a school district of the first class may, in addition, by ordinance authorize the board of public education of such school district to impose a tax on the income of all kinds from the ownership, lease, sale or other disposition of tangible and intangible real and personal property of persons who are residents of the school district, whether or not such income may presently be subject to tax by the city for general revenue purposes under the act of August 5, 1932 (P.L. 45), as amended:  Provided, That as to income received by residents after January 1, 1968, a tax on such income from property shall not be imposed at an annual rate higher than the then current annual rate of tax imposed or authorized by the council of the city upon the wages or net profits of such residents.

There shall be excluded from any tax under this act authorized by the city council of any city of the first class and levied by any school district of the first class: