Posted: | January 7, 2015 05:06 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 163 and the following Senators were cosponsors: BREWSTER, HUGHES, VULAKOVICH, FONTANA, RAFFERTY, COSTA, BROWNE and BLAKE |
Introduced as SB421