Current through Register Vol. 54, No.43, October 26, 2024
Section 91.111 - Imposition of tax on documents(a) Except as provided in Subchapter I (relating to excluded parties and transactions), the person who delivers a document for acceptance or recording or on whose behalf a document is delivered for acceptance or recording and the person who accepts or presents for recording the document or on whose behalf the document is accepted or presented for recording are subject to pay a State tax at the rate of 1% of the value of the realty conveyed, transferred, demised or released by the grantor under the document.(b) Except as provided in Subchapter I, it is the joint and several legal duty of the parties to the transaction to pay the proper tax due. This duty may be discharged by the parties as they agree but without prejudice to the rights of the Commonwealth against the parties.The provisions of this §91.111 adopted September 9, 1988, effective 9/10/1988, 18 Pa.B. 4096.The provisions of this §91.111 issued under section 1107-C of the Tax Reform Code of 1971 (72 P. S. § 8107-C).