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PA SB815
Bill
Status
6/3/2025
Primary Sponsor
Joseph Picozzi
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AI Summary
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Exempts first-time home buyers from Pennsylvania's state realty transfer tax when purchasing a single-family residence
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Defines "first-time home buyer" as a Pennsylvania resident who has never owned any single-family residence (including manufactured homes, condos, or co-ops) in any state, either individually, jointly, or through a legal entity
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Requires all individuals listed on the deed to qualify as first-time buyers for the exemption to apply
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Local real estate transfer taxes imposed by municipalities and school districts are NOT exempt and will still apply to first-time buyer transactions
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Takes effect 60 days after enactment and applies only to transfers made on or after the effective date
Legislative Description
In realty transfer tax, further providing for excluded transactions; and, in local real estate transfer tax, further providing for imposition.
Last Action
Re-referred to Appropriations
7/17/2025