Prime Sponsors of Senate Bill 353 and House Bill 442, Senator Wayne Fontana and Representative Sue Helm, explain why private transfer fees (PTFs) need to be banned in Pennsylvania. PTFs, already being recorded in Pennsylvania, are covenants attached to the deed of a property that force the seller to pay one percent of the sale price to an out-of-state privately held company, for 99 years.

 

 

 

Governor Rendell has proposed expanding the state sales tax to include professional services, which may apply to some or all of these home-buying or –selling services: broker services, mortgage origination, attorney services, surveys, appraisals, home inspections, title search, construction, architectural services and site preparation.

 

RPAC closely tracks legislative issues, like this proposed sales tax on professional services, that may alter the way you do business.