(a) "Act means the Act of December 22, 1993, Public Law 529, No. 77, codified as the Allegheny Regional Asset District Law, a. Stat. Ann. tit. 16, Sec. 6101-B et seq.
(b) "Allegheny Regional Asset District Law" See the definition of "Act above.
(c) "Assessment" means the fair market value of property as determined by the Board of Property Assessment, Appeals and Review of Allegheny County.
(d) "Borough" means the Borough of White Oak.
(e) "Council" means the Council of the Borough of White Oak.
(f) "Department of Property Assessment" means the Department of Property Assessment, Appeals, Review and Registry of Allegheny County.
(g) "Eligible taxpayer" means a longtime owner/occupant of a principal residence in White Oak Borough who is:
(1) A single person aged sixty-five or older during a calendar year in which County real property taxes are due and assessed; or
(2) Married persons if either spouse is sixty-five or older during a calendar year in which White Oak Borough real property taxes are due and assessed.
(h) "Household Income" means all income received by an eligible taxpayer while residing in his or her principal residence during a calendar year.
(i) "Income" means all income from whatever source derived including, but not limited to, salaries, wages, bonuses, commissions, income from self-employment, alimony, support money, cash public assistance and relief, the gross amount of any pensions or annuities, including railroad retirement benefits, all benefits received under the Federal Social Security Act (except Medicare benefits) all benefits received under State Unemployment Insurance laws and Veteran's Disability Payments, all interest received from the Federal or any state government or any instrumentality or political subdivision hereof, realized capital gains, rentals, workmen's compensation and the gross amount of loss of time insurance benefits, life insurance benefits and proceeds (except the first five thousand dollars ($5,000) of the total of death benefit payments), and gifts of cash or property (other than transfer by gift between members of a household) in excess of a total value of three hundred dollars ($300.00), but shall not include surplus food or other relief in kind supplied by a governmental agency or property tax or rent rebate or inflation dividend.
(j) "Longtime owner/occupant" mean any person who for at least ten continuous years has owned or has occupied the same dwelling place as a principal residence and domicile, or any person who for at least five years has owned and occupied the same dwelling as a principal residence and domicile if that person received assistance in the acquisition of the property as part of a government or nonprofit housing program.
(k) "Person" means a natural person.
(l) "Principal residence" means the dwelling place of a person, including the principal house and lot, and such lots as are used in connection therewith which contribute to its enjoyment, comfort and convenience; or a building with a maximum of one commercial establishment and a maximum of three residential units of which one residential unit must be a principal residence of the longtime owner/occupant.
(m) "Senior Citizens Rebate and Assistance Act" means the Act of March 11, 1971, Public Law 104 No. 3, as amended, codified at Pa. Stat. Ann. tit. 72, Sec. 4751-1 et seq.
(Ord. 2991. Passed 12-12-94.)