An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in realty transfer tax, further providing for excluded transactions; and, in local real estate transfer tax, further providing for imposition.

SB 815 adds an exclusion to Pennsylvania’s state real estate transfer tax for first-time home buyers purchasing single-family residences. It directly affects individuals who have never owned a single-family home (including mobile homes or condos) in Pennsylvania or another state and will reside in the property. The bill defines "first-time home buyer" as someone living in Pennsylvania, domiciled in the home, and without prior ownership of similar properties. This exclusion applies only to the state tax, not local real estate transfer taxes, and takes effect 60 days after enactment. The bill is currently pending in committee.