PENNSYLVANIA, March 15 - PRINTER'S NO. 477

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

532

Session of

2023

INTRODUCED BY VOGEL, HAYWOOD, BROOKS, FONTANA, COMITTA, KEARNEY,

COSTA, ARGALL, ROBINSON, PENNYCUICK, BARTOLOTTA, COLLETT,

LAUGHLIN, CAPPELLETTI, L. WILLIAMS, BREWSTER, STEFANO,

STREET, DiSANTO, DILLON, MILLER AND YAW, MARCH 15, 2023

REFERRED TO URBAN AFFAIRS AND HOUSING, MARCH 15, 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

transfer of tax.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Section 1102-C.6(b) of the act of March 4, 1971

(P.L.6, No.2), known as the Tax Reform Code of 1971, amended

November 3, 2022 (P.L.1695, No.108), is amended to read:

Section 1102-C.6. Transfer of Tax.--* * *

(b) The amount transferred under subsection (a) may not

exceed the following:

(1) For each fiscal year beginning after June 30, 2019, and

ending prior to July 1, 2023, forty million dollars

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