Bill Text: PA SB163 | 2013-2014 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: In realty transfer tax, further providing for excluded transactions.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2013-01-15 - Referred to FINANCE [SB163 Detail]

Download: Pennsylvania-2013-SB163-Introduced.html

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PRINTER'S NO.  113

 

THE GENERAL ASSEMBLY OF PENNSYLVANIA

 

SENATE BILL

No.

163

Session of 2013

 

 

 

INTRODUCED BY YUDICHAK, BREWSTER, HUGHES, VULAKOVICH, FONTANA, SOLOBAY, WAUGH, RAFFERTY AND COSTA, JANUARY 16, 2013

 

 

REFERRED TO FINANCE, JANUARY 15, 2013

 

 

 

AN ACT

 

Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in realty transfer tax, further providing for
excluded transactions.

The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:

Section 1.  Section 1102-C.3 of the act of March 4, 1971 
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
by adding a clause to read:

Section 1102-C.3.  Excluded Transactions.--The tax imposed by
section 1102-C shall not be imposed upon:

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(23)  A transfer for no or nominal actual consideration from
a not-for-profit corporation, all of the members of which are
members of a veterans service organization, which organization

is a not-for-profit corporation, to the veterans service
organization.

Section 2.  This act shall take effect in 60 days.