H1500B2343A09155 PWK:NLH 06/27/16 #90 A09155
AMENDMENTS TO HOUSE BILL NO. 1500
Sponsor: SENATOR WAGNER
Printer's No. 2343
Amend Bill, page 1, line 4, by inserting after "property"
and providing for exemption from realty transfer tax
Amend Bill, page 2, by inserting between lines 29 and 30
Section 3. Title 68 is amended by adding a section to read:
ยง 2121. Exemption from realty transfer tax.
A transfer of real property to or from a land bank shall be
exempted from both the State and local realty transfer tax under
Articles XI-C and XI-D of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, and section 301.1
of the act of December 31, 1965 (P.L.1257, No.511), known as The
Local Tax Enabling Act.
Amend Bill, page 2, line 30, by striking out "3" and
inserting
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See A09155 in
the context
of HB1500