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Senate of Pennsylvania
Session of 2015 - 2016 Regular Session

MEMORANDUM

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

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