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 transfer of tax.

PRINTER'S NO. 619
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 643
Session of
2025
INTRODUCED BY DOUGHERTY, KHAN, TWARDZIK, MAJOR, GUZMAN, SANCHEZ,
GIRAL, SMITH-WADE-EL, WAXMAN, NEILSON, MADDEN, FREEMAN,
HANBIDGE, KENYATTA, MAYES AND HOHENSTEIN, FEBRUARY 18, 2025
REFERRED TO COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT,
FEBRUARY 18, 2025
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in realty transfer tax, further providing for
transfer of tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1102-C.6(b)(6) of the act of March 4,
1971 (P.L.6, No.2), known as the Tax Reform Code of 1971,
amended July 11, 2024 (P.L.674, No.56), is amended and the
subsection is amended by adding a clause to read:
Section 1102-C.6. Transfer of Tax.--* * *
(b) The amount transferred under subsection (a) shall be
equal to the following:
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(6) For the fiscal year beginning [July 1, 2027, and each
fiscal year thereafter,] after June 30, 2027, and ending prior
to July 1, 2028, one hundred million dollars ($100,000,000).
(7) For the fiscal year beginning after June 30, 2028, and
each fiscal year thereafter, one hundred ten million dollars
($110,000,000).
* * *
Section 2. This act shall take effect in 60 days.
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