Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 6924.302 - Recapture of tax(a) Notwithstanding the provisions of section 301.1(f)(1), if any stock of a family farm corporation is transferred to a person who is not a family member within ten years from the date of the conveyance from a sole proprietor family member to a family farm corporation, the tax imposed by this article shall become immediately due and payable.(b) Deleted by 2008, July 2, P.L. 197, No. 32, § 5, imd. effective.1965, Dec. 31, P.L. 1257, No. 511, § 2.1, added 1984, Oct. 11, P.L. 885, No. 172, § 2, effective in 60 days [53 P.S. § 6902.1]. Renumbered as § 302 and amended 2008, July 2, P.L. 197, No. 32, § 5, imd. effective.