Pennsylvania HB1203 amends the realty transfer tax to exclude transfers between grandparents and grandchildren.
Pennsylvania HB1203 amends the realty transfer tax to exclude transfers between grandparents and grandchildren, aligning with other familial exclusions. This change exempts such transfers from taxation unless the grantee sells or transfers the property within one year, in which case the transfer is taxed as if the grantor made it. The amendment applies to transactions occurring after December 31, 2025.
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