summary
Introduced
05/12/2025
05/12/2025
In Committee
05/12/2025
05/12/2025
Crossed Over
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; providing for Homebuyer Rebate Program; and <-- establishing the Homebuyer Rebate Program Fund.
AI Summary
This bill establishes the Homebuyer Rebate Program, a new initiative designed to assist first-time homebuyers in Pennsylvania by providing a $2,500 rebate when they purchase a home. The program is specifically targeted at individuals who have not previously purchased a home, intend to use the property as their primary residence, and pay realty transfer tax. Starting January 1, 2026, qualified homebuyers can file a claim with the Department of Revenue, submitting details about their home purchase, proof of tax payment, and their status as a first-time homebuyer. The program will be funded by transferring 10% of the realty transfer tax collected annually into a dedicated Homebuyer Rebate Program Fund. Claims will be approved on a first-come, first-served basis, with the total rebates not exceeding the fund's available amount. Importantly, if a homebuyer sells their home within five years of receiving the rebate, they must refund a pro-rated portion of the rebate. The program includes provisions to prevent fraud, with potential civil and criminal penalties for fraudulent claims. The program is set to expire on December 31, 2030, and the Department of Revenue is required to submit a comprehensive report on the program's effectiveness by January 31, 2030.
Committee Categories
Budget and Finance
Sponsors (25)
Nathan Davidson (D)*,
Anthony Bellmon (D),
Heather Boyd (D),
Tim Brennan (D),
Johanny Cepeda-Freytiz (D),
Missy Cerrato (D),
Joe Ciresi (D),
Dan Deasy (D),
Justin Fleming (D),
Mark Gillen (R),
José Giral (D),
Manny Guzman (D),
Carol Hill-Evans (D),
Kristine Howard (D),
Malcolm Kenyatta (D),
Tarik Khan (D),
Thomas Kutz (R),
Maureen Madden (D),
Steve Malagari (D),
Jeanne McNeill (D),
Ed Neilson (D),
Danielle Otten (D),
Ben Sanchez (D),
Mike Schlossberg (D),
Ben Waxman (D),
Last Action
Laid on the table (on 12/17/2025)
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=1450 |
| House Amendment A02220 (PN 1681) | https://www.palegis.us/legislation/amendments/text/2025/0/A02220 |
| House Amendment A02267 (PN 1681) | https://www.palegis.us/legislation/amendments/text/2025/0/A02267 |
| BillText | https://www.palegis.us/legislation/bills/text/PDF/2025/0/HB1450/PN2713 |
| BillText | https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=PDF&sessYr=2025&sessInd=0&billBody=H&billTyp=B&billNbr=1450&pn=1681 |
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