Pennsylvania SB1490 exempts certain real estate transfers from the realty transfer tax.

Pennsylvania SB1490 amends the Tax Reform Code of 1971 to exclude certain real estate transfers from the realty transfer tax. Specifically, it exempts transfers from the surviving spouse or minor child of an individual covered under the Emergency and Law Enforcement Personnel Death Benefits Act if the covered individual died as a result of performing duties. The exemption applies if the real estate was the principal residence of the covered individual or the surviving spouse, or if the covered individual and surviving spouse married within a year prior to the covered individual's death.

Pennsylvania SB1490 exempts certain real estate transfers from the realty transfer tax.

Pennsylvania SB1490 amends the Tax Reform Code of 1971 to exclude certain real estate transfers from the realty transfer tax. Specifically, it exempts transfers from the surviving spouse or minor child of an individual covered under the Emergency and Law Enforcement Personnel Death Benefits Act if the covered individual died as a result of performing duties. The exemption applies if the real estate was the principal residence of the covered individual or the surviving spouse, or if the covered individual and surviving spouse married within a year prior to the covered individual's death.