Pennsylvania 2025_0 Regular Session Status: In Committee 10 D cosponsors

HB 842 — 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, providing for deductions.

Last action — Referred to HOUSING AND COMMUNITY DEVELOPMENT, March 10, 2025

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced March 10, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 10 sponsors

    1 primary, 9 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (10 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Real Estate Transfer Tax Deduction for Affordable Housing

Bill Text

How this bill changes current law

4 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill introduces new deductions for certain buyers of residential property from the Realty Transfer Tax.

  • Section 1102-C.7

    Deductions.--(a) For taxable years beginning after December 31, 2025, if there is a transfer of residential property to a buyer collecting Supplemental Security Income benefits or with a household income not greater than 215% of the Federal poverty level, an amount equal to the tax paid at the time of transfer shall be deductible from the taxable income of the buyer.

    This new provision allows certain buyers to deduct the tax paid on the transfer of residential property from their taxable income.

  • Section 1102-C.7

    (b) For taxable years beginning after December 31, 2025, if there is a transfer of residential property to a buyer for use as a primary residence for a purchase price not greater than 80% of the median purchase price of a residential property in the county in which the transfer is completed, an amount equal to the tax paid at the time of transfer shall be deductible from the taxable income of the buyer and the taxable income of the seller.

    This provision allows both the buyer and seller to deduct the tax paid on the transfer of qualifying residential properties from their taxable income.

  • Section 1102-C.7

    (c) For the purpose of establishing the median purchase price of a residential property, each county office of the recorder of deeds shall submit to the department no later than January 31, 2026, and each January 31 thereafter, documentation establishing the median purchase price of a residential property for the preceding calendar year.

    This provision requires county offices to provide annual documentation on the median purchase price of residential properties, which is necessary for determining deduction eligibility.

  • Section 1102-C.7

    (d) If the deduction allowed under this section is greater than the amount of tax due, no refund or carryover credit shall be allowed.

    This provision specifies that if the deduction exceeds the tax owed, the taxpayer will not receive a refund or future credits.

Action History

  1. Referred to HOUSING AND COMMUNITY DEVELOPMENT, March 10, 2025

Sponsors

Sponsorship breakdown

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1 sponsors · 9 co-sponsors · 243 not signed on

Sponsors (1)

Co-sponsors (9)

Not signed on (243)

243 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 842 do?
Real Estate Transfer Tax Deduction for Affordable Housing
Who sponsors HB 842?
HB 842 is sponsored by Jose Giral (Democratic), Benjamin V. Sanchez (Democratic), Carol Hill-Evans (Democratic), Maureen E. Madden (Democratic), Melissa Cerrato (Democratic), Steven R. Malagari (Democratic), Mandy Steele (Democratic), G. Roni Green (Democratic), Joe Webster (Democratic), and Melissa L. Shusterman (Democratic).
What is the current status of HB 842?
This bill is in committee in the House. Introduced March 10, 2025. It must pass committee before a floor vote.
Where can I track HB 842?
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Last checked for changes 4 months ago · updated continuously

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