Presenter
Presented by Mr. Shields
Title
Ordinance supplementing the Pittsburgh Code, Title Two, Fiscal; Article VII, Business Related Taxes; Chapter 255, Realty Transfer Tax, so as to comply with the Requirements of Act 40 of 2005 Concerning Transfers Which are Taxable, Authorizing the Pennsylvania Department of Revenue to Collect and Enforce the Tax When Necessary, and Authorizing the Treasurer to Share Information with the Department of Revenue.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Pittsburgh Code, Title Two, Fiscal; Article VII, Business Related Taxes; Chapter 255, Realty Transfer Tax; Section 255.02, Levy and Rate, is hereby supplemented by adding paragraph (d), which reads as follows:
(d) Transfers on or after October 5, 2005.
Effective October 5, 2005 and thereafter, the tax levied under this Chapter shall continue to be levied at the rate of one percent (1%) of the value, but shall thereafter be imposed upon each transfer of real property or any interest in real property within the limits of the City, regardless of where the instruments making the transfers are made, executed or delivered or where the actual settlements on the transfers take place, to the same extent that such transactions are subject to the tax imposed by the Commonwealth of Pennsylvania pursuant to Article XI-C of the Act of March 4, 1971 (P.L. 6, No. 2) , as amended, known as and hereinafter referred to in this Chapter as “The Tax Reform Code of 1971,” 72 P.S. § 8101-C et seq., and any and all provisions of this Chapter which are inconsistent therewith shall not be applicable to transfers which occur on or after that date.
Section 2. The Pittsburgh Code, Title Two, Fiscal; Article VII, Business Related Taxes; Chapter 255, Realty Transfer Tax, is hereby supplemented by adding Sections 255.09 and 255.10 which read as follows:
Section 255.09 ADMINISTRATION, COLLECTION AND ENFORCEMENT.
Effective ...
Click here for full text