§ 8103-C. Credits against tax
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: June 30, 2021
Effective: June 30, 2021
72 P.S. § 8103-C
§ 8103-C. Credits against tax
(a) Where there is a transfer of a residential property by a licensed real estate broker which property was transferred to him within the preceding year as consideration for the purchase of other residential property, a credit for the amount of the tax paid at the time of the transfer to him shall be given to him toward the amount of the tax due upon the transfer.
(b) Where there is a transfer by a builder of residential property which was transferred to the builder within the preceding year as consideration for the purchase of new, previously unoccupied residential property, a credit for the amount of the tax paid at the time of the transfer to the builder shall be given to the builder toward the amount of the tax due upon the transfer.
Credits
1971, March 4, P.L. 6, No. 2, art. XI-C, § 1103-C, added 1981, May 5, P.L. 36, No. 14, § 4, imd. effective. Amended 1986, July 2, P.L. 318, No. 77, § 12, imd. effective; 2021, June 30, P.L. 124, No. 25, § 9, imd. effective.
72 P.S. § 8103-C, PA ST 72 P.S. § 8103-C
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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