Effective January 1, 2008, and thereafter, the tax levied under
this Part, shall continue to be levied at the rate of 1% of the value,
but shall thereafter be imposed upon each transfer of real property
or any interest in real property within the limits of the Borough,
regardless of where the instruments making the transfers are made,
executed or delivered or where the actual settlements on the transfers
take place, to the same extent that such transactions are subject
to the tax imposed by the Commonwealth of Pennsylvania pursuant to
Article XI-C of the Act of March 4, 1971 (P.L. 6, No. 2), as amended,
known as and hereinafter referred to in this chapter as the "Tax Reform
Code of 1971," 72 P.S. § 8101-C et seq., and any and all
provisions of this Part which are inconsistent therewith shall not
be applicable to transfers which occur on or after that date.
Ord. 1084, 12/20/1968, § 3; as amended by Ord.
2111, 12/11/2007, § 1
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