PRINTER'S NO. 1550
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1387
Session of
2023
INTRODUCED BY KUTZ, CABELL, FLEMING, HOGAN, IRVIN, MERCURI,
MULLINS, ROWE AND ZIMMERMAN, JUNE 13, 2023
REFERRED TO COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT,
JUNE 13, 2023
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
excluded transactions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
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 clause to read:
Section 1102-C.3. Excluded Transactions.--The tax imposed by
section 1102-C shall not be imposed upon:
* * *
(26) A transfer of real estate to a first-time home buyer.
For the purposes of this clause, the term "first-time home
buyer" shall mean an individual who will reside in this
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Commonwealth and be domiciled in a single-family residence
transferred under this clause and has not owned or purchased,
directly or through a trust, limited liability company,
partnership or other legal entity, either individually or
jointly, a single-family residence prior to the transfer,
including a manufactured home, trailer, mobile home or unit in a
condominium, cooperative or planned community.
Section 2. This act shall take effect in 60 days.
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