Monday, May 09, 2005

HB 737: Exempt Realty Transfer Tax between Municipality and Volunteer Fire Company

H.B. 737, P.N. 828 (BOYD) This would amend the Tax Reform Code, Act 2 of 1971, P.L. 6.
This would exempt a realty transfer between a municipality and a volunteer fire company from the realty transfer tax.
This would change the installment sales method of reporting to reporting a gain on a selling property to when such sale qualifies as being so treated under the Internal Revenue Code.

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