PRINTER'S NO. 1068
No. 971 Session of 1987
INTRODUCED BY McVERRY, TRELLO, ITKIN, MARKOSEK, FARMER, PRESTON, GAMBLE, SEVENTY, OLASZ, VAN HORNE, IRVIS, COWELL, MAYERNIK, PETRONE AND MICHLOVIC, APRIL 6, 1987
REFERRED TO COMMITTEE ON FINANCE, APRIL 6, 1987
AN ACT 1 Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An 2 act relating to tax reform and State taxation by codifying 3 and enumerating certain subjects of taxation and imposing 4 taxes thereon; providing procedures for the payment, 5 collection, administration and enforcement thereof; providing 6 for tax credits in certain cases; conferring powers and 7 imposing duties upon the Department of Revenue, certain 8 employers, fiduciaries, individuals, persons, corporations 9 and other entities; prescribing crimes, offenses and 10 penalties," further providing for the commissions payable to 11 the recorder of deeds for the collection of the State tax on 12 realty transfers. 13 The General Assembly of the Commonwealth of Pennsylvania 14 hereby enacts as follows: 15 Section 1. Section 1106-C(b) of the act of March 4, 1971 16 (P.L.6, No.2), known as the Tax Reform Code of 1971, amended 17 July 2, 1986 (P.L.318, No.77), is amended to read: 18 Section 1106-C. Furnishing Stamps.--* * * 19 (b) The department shall allow each county a commission 20 equal to [one per cent] two per cent of the face value of the 21 stamps sold or [two hundred fifty dollars ($250)] five hundred 22 dollars ($500), whichever is greater. The recorder of deeds
1 shall pay the commission herein allowed to the general fund of 2 the county. The department shall pay the premium or premiums on 3 any bond or bonds required by law to be procured by recorder of 4 deeds for the performance of their duties under this article. 5 * * * 6 Section 2. This act shall take effect in 60 days. A21L72RDG/19870H0971B1068 - 2 -