|Posted:||December 11, 2012 04:39 PM|
|From:||Senator John T. Yudichak|
|To:||All Senate members|
|Subject:||Introduction of Legislation on Excluding Certain Transactions from the Realty Transfer Tax|
|I am planning on reintroducing legislation that would exempt certain property transactions from having to pay the realty transfer tax. The Tax Reform Code would be amended to exclude a transfer for no nominal actual consideration from a corporation not-for-profit, all of the members of which are members of a veterans service organization. Such transactions would be exempted from the realty transfer tax.
Last session this was SB 617 and the following Senators were cosponsors: RAFFERTY, FONTANA, SOLOBAY, COSTA AND BREWSTER
Introduced as SB163