summary
Introduced
02/18/2025
02/18/2025
In Committee
04/28/2025
04/28/2025
Crossed Over
04/24/2025
04/24/2025
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
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.
AI Summary
This bill modifies the Tax Reform Code of 1971 by adjusting the amount of realty transfer tax that will be transferred for specific fiscal years. Currently, for the fiscal year beginning after June 30, 2027, the bill changes the transfer amount from an unspecified previous amount to $100 million. Additionally, for fiscal years beginning after June 30, 2028, the bill establishes a new transfer amount of $110 million. The realty transfer tax is a tax imposed on the transfer of real property, and this bill specifically addresses how the collected funds will be allocated or transferred. The changes will take effect 60 days after the bill's enactment, which is typical for legislative changes to provide time for implementation and notification of affected parties.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (26)
Sean Dougherty (D)*,
Heather Boyd (D),
Missy Cerrato (D),
Joe Ciresi (D),
Gina Curry (D),
Bob Freeman (D),
José Giral (D),
Roni Green (D),
Manny Guzman (D),
Liz Hanbidge (D),
Keith Harris (D),
Joe Hohenstein (D),
Malcolm Kenyatta (D),
Tarik Khan (D),
Maureen Madden (D),
Abby Major (R),
Steve Malagari (D),
La'Tasha Mayes (D),
Ed Neilson (D),
Jenn O'Mara (D),
Nikki Rivera (D),
Ben Sanchez (D),
Izzy Smith-Wade-El (D),
Tim Twardzik (R),
Ben Waxman (D),
Joseph Webster (D),
Last Action
Referred to Urban Affairs & Housing (on 04/28/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=643 |
| House Fiscal Note PN 0619 | https://www.legis.state.pa.us/WU01/LI/BI/FN/2025/0/HB0643P0619.pdf |
| BillText | https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=PDF&sessYr=2025&sessInd=0&billBody=H&billTyp=B&billNbr=0643&pn=0619 |
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