§ 8102-C.6. Transfer of tax
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: January 3, 2023
Effective: January 3, 2023
72 P.S. § 8102-C.6
§ 8102-C.6. Transfer of tax
(a) Subject to subsection (b), beginning July 31, 2019, and each July 31 thereafter, the State Treasurer shall transfer from the General Fund to the Housing Affordability and Rehabilitation Enhancement Fund under Article IV-D of the act of December 3, 1959 (P.L. 1688, No. 621),1 known as the “Housing Finance Agency Law,” an amount equal to forty per cent of the difference between:
(1) the total amount of the tax imposed under section 1102-C2 and collected by the Commonwealth for the prior fiscal year; and
(2) the total dollar amount of such tax estimated for the fiscal year beginning July 1, 2014, and as contained in the final estimate signed by the Governor for that fiscal year as required by section 618 of the act of April 9, 1929 (P.L. 177, No. 175),3 known as “The Administrative Code of 1929.”
Credits
1971, March 4, P.L. 6, No. 2, art. XI-C, § 1102-C.6, added 2019, June 28, P.L. 50, No. 13, § 10.7, effective July 1, 2019. Amended 2022, Nov. 3, P.L. 1695, No. 108, § 1, effective in 60 days [Jan. 3, 2023].
72 P.S. § 8102-C.6, PA ST 72 P.S. § 8102-C.6
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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