PRINTER'S NO. 1689
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
963
Session of
2020
INTRODUCED BY HUGHES, FONTANA, FARNESE, KEARNEY, COSTA,
BREWSTER, HAYWOOD, STREET AND MUTH, MAY 11, 2020
REFERRED TO FINANCE, MAY 11, 2020
AN ACT
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.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1102-C.6(a) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, added June
28, 2019 (P.L.50, No.13), is amended and the section is amended
by adding a subsection to read:
Section 1102-C.6. Transfer of Tax.--(a) Subject to
subsection (b), [beginning] on July 31, 2019, [and each July 31
thereafter,] the State Treasurer shall transfer from the General
Fund to the Housing Affordability and Rehabilitation Enhancement
Fund under Article IV-D of the act of December 3, 1959
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