SB1109

Pennsylvania SB1109 amends the Tax Reform Code of 1971 to exempt certain parties from realty transfer tax and excludes specific transactions from the.

Pennsylvania SB1109 amends the Tax Reform Code of 1971 to exempt the United States, the Commonwealth, and their instrumentalities, agencies, political subdivisions, and veterans' service organizations from realty transfer tax. However, this exemption does not relieve other parties to a transaction from liability for the tax. The bill excludes certain transactions from the tax, including transfers to the Commonwealth by gift, dedication, or deed in lieu of condemnation, and transfers from a conservancy to the United States or the Commonwealth.