Pennsylvania SB238 repeals the realty transfer tax and makes editorial changes to the Tax Reform Code of 1971.
Pennsylvania SB238 repeals the realty transfer tax, which was imposed on the transfer of real property or an interest in real property. The bill also makes editorial changes to the Tax Reform Code of 1971, including adjustments to definitions and provisions related to the administration and enforcement of the tax. The changes aim to streamline the tax code and eliminate the realty transfer tax, affecting individuals and entities involved in real estate transactions within Pennsylvania.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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