An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in realty transfer tax, further providing for excluded transactions.

Summary

The Senate bill changes the 1971 Tax Reform Code’s realty transfer tax provisions to specify certain transactions that would be excluded from the tax. It would affect anyone involved in real estate transfers in Pennsylvania by potentially reducing tax liability for those excluded transactions. The amendment is intended to clarify or adjust how the tax is applied.

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