Bill Text: PA SB267 | 2009-2010 | Regular Session | Introduced

---

Bill Title: Further providing for exemptions from the realty transfer tax.

Sponsorship: Bipartisan Bill

Status: (Introduced - Dead) 2009-02-19 - Referred to FINANCE [SB267 Detail]

Download: Pennsylvania-2009-SB267-Introduced.html

---

PRINTER'S NO. 271
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 267 Session of2009
INTRODUCED BY COSTA, HUGHES, MUSTO, STOUT, FONTANA, TARTAGLIONE, RAFFERTY, LOGAN, BRUBAKER, KITCHEN, ALLOWAY, ERICKSON, GREENLEAF, BROWNE, WONDERLING, EARLL AND FERLO, FEBRUARY 19, 2009
REFERRED TO FINANCE, FEBRUARY 19, 2009
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," further providing for exemptions from the realty
transfer tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1102-C.3(6) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, added July
2, 1986 (P.L.318, No.77), is amended to read:
Section 1102-C.3. Excluded Transactions.--The tax imposed by
section 1102-C shall not be imposed upon:
* * *
(6) A transfer between husband and wife, between persons who
were previously husband and wife who have since been divorced,
provided the property or interest therein subject to such
transfer was acquired by the husband and wife or husband or wife
prior to the granting of the final decree in divorce, between
parent and child or the spouse of such child, between a
stepparent and a stepchild or the spouse of the stepchild,
between brother or sister or spouse of a brother or sister and
brother or sister or the spouse of a brother or sister and
between a grandparent and grandchild or the spouse of such
grandchild, except that a subsequent transfer by the grantee
within one year shall be subject to tax as if the grantor were
making such transfer.
* * *
Section 2. This act shall take effect in 60 days.
20090SB0267PN0271 - 2 -