72 Pa. Stat. § 8102-C.6

Current through P.A. Acts 2024-18
Section 8102-C.6 - Transfer of tax
(a) Subject to subsection (b), beginning July 31, 2019, and each July 31 thereafter, the state treasurer shall transfer from the general fund to the housing affordability and rehabilitation enhancement fund under Article IV-D of the act of December 3, 1959 ( P.L. 1688, No.621), known as the "Housing finance agency law," an amount equal to forty per cent of the difference between:
(1) The total amount of the tax imposed under Section 1102-c and collected by the Commonwealth for the prior fiscal year; and
(2) The total dollar amount of such tax estimated for the fiscal year beginning July 1, 2014, and as contained in the final estimate signed by the governor for that fiscal year as required by Section 618 of the act of April 9, 1929 ( P.L. 177, No.175), known as "The administrative code of 1929."
(b) The amount transferred under subsection (a) may not exceed the following:
(1) For each fiscal year beginning after June 30, 2019, and ending prior to July 1, 2023, forty million dollars ($40,000,000).
(2) For the fiscal year beginning July 1, 2023, and each fiscal year thereafter, sixty million dollars ($60,000,000).
(c) Nothing in this section shall be construed to reduce or prohibit increased funding for the housing affordability and rehabilitation enhancement fund or the keystone recreation, park and conservation fund as provided in the "Housing finance agency law" or other law.

72 P.S. § 8102-C.6

Amended by P.L. TBD 2022 No. 108, § 1, eff. 1/3/2023.
Added by P.L. TBD 2019 No. 13, § 10.7, eff. 7/1/2019.