Bill > SB238

This bill repeals Article XI-C of the Tax Reform Code of 1971, which pertains to the Realty Transfer Tax. Specifically, the bill removes an entire section of tax law that previously defined terms, imposed a 1% state tax on real estate transfers, outlined exemptions and excluded transactions, and established administrative procedures for collecting and enforcing the tax. The bill also makes corresponding amendments to related sections of tax law to remove references to the repealed Article XI-C. The repeal would effectively eliminate the state-level realty transfer tax, though the bill notes that local jurisdictions may still have the discretion to levy their own transfer taxes. The changes will apply to taxable years beginning after December 31, 2025, and the act takes effect immediately upon passage. The bill allows the Department of Revenue to create regulations as needed to implement these changes, suggesting a careful and structured approach to removing this tax provision.

Budget and Finance

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=238