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, further providing for excluded transactions.

HB 1203 amends Pennsylvania's Tax Reform Code of 1971 to expand exemptions from realty transfer tax for certain family transfers. It adds specific relationships - such as between stepparents/stepchildren, grandparents/grandchildren, and siblings - to the list of transactions exempt from the tax, while clarifying that subsequent transfers within one year of the initial exempt transfer become taxable. This directly affects individuals transferring property between these family members, particularly in estate planning or intra-family property movements. The changes apply to transactions occurring after December 31, 2025.