PA HB1203

Amends the Tax Reform Code of 1971 to reorganize and clarify the existing realty transfer tax exemptions for property transfers between family members

Maintains tax exemptions for transfers between: husband and wife; divorced spouses (for property acquired before final divorce decree); parent and child; estate of deceased parent/child and surviving family; stepparent and stepchild; siblings; and grandparent and grandchild

Retains the anti-abuse provision requiring that if a grantee who received property through a family exemption transfers it to someone else within one year, the transfer is taxed as if the original grantor made the sale

Applies to transactions occurring after December 31, 2025, with the act taking effect 60 days after enactment