H0645B4148A10399 MSP:EJH 10/16/18 #90 A10399
AMENDMENTS TO HOUSE BILL NO. 645
Sponsor: SENATOR BROOKS
Printer's No. 4148
Amend Bill, page 1, line 10, by inserting after "penalties,""
in realty transfer tax, further providing for excluded
transactions; and,
Amend Bill, page 1, lines 15 through 17, by striking out all
of said lines and inserting
Section 1. Section 1102-C.3 of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
by adding a paragraph to read:
Section 1102-C.3. Excluded Transactions.--The tax imposed by
section 1102-C shall not be imposed upon:
* * *
(25) Beginning on or after December 31, 2015, a transfer of
real estate by a housing authority created under the act of May
28, 1937 (P.L.955, No.265), referred to as the Housing
Authorities Law, to a nonprofit organization which is utilizing
the real estate for the purpose of Rental Assistance
Demonstration administered by the United States Department of
Housing and Urban Development under the Consolidated and Further
Continuing Appropriations Act, 2012 (Public Law 112-55, 125
Stat. 552).
Section 2. Sections 1904-A(c) and 1905-A of the act are
amended to read:
Amend Bill, page 3, line 27, by striking out "2" and
inserting
3
Amend Bill, page 4, by inserting between lines 9 and 10
Section 4. The addition of section 1102-C.3(25) of the act
shall apply to a county of the fifth class with a population of
between 115,000 and 118,000 in the 2010 Federal Decennial Census
which filed an appeal with the Board of Finance and Review after
December 31, 2015.
Amend Bill, page 4, line 10, by striking out "3" and
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inserting
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Amend Bill, page 4, lines 10 and 11, by striking out "JULY
1," in line 10 and all of line 11 and inserting
as follows:
(1) This section shall take effect immediately.
(2) Section 4 of this act and the addition of section
1102-C.3(25) of the act shall take effect in 60 days.
(3) The remainder of this act shall take effect July 1,
2019.
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See A10399 in
the context
of HB0645