House committee approves severance tax legislation
House Bill 1489 (George, D-Clearfield) limits the tax to high-producing wells and would not apply to wells producing 60,000 standard cubic feet a day or less. The severance tax is expected to generate roughly $600 million annually for state coffers by 2013-14.
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Mortgage fraud prevention measures head to governor’s desk
Two bills that would help protect consumers from mortgage fraud have passed the Senate and House and will head to the governor’s desk for his signature.
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Construction tax abatement legislation passes committee
The Senate Finance Committee has passed legislation to amend the New Home Construction Local Tax Abatement Act (Act 202) to provide property owners six months from the date of occupancy to submit an application for the exemption.
Read More What’s your assessment of school board elections?
With 501 school districts in Pennsylvania, we can’t afford to blow off school board elections. In recent years they have become more and more important to REALTORS(R).
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Being ‘green’ just got a little easier
The Keystone HELP® program provides low interest loans to eligible homeowners to make qualified improvements to their homes to increase energy efficiency.
Read More Reciprocity: Another one bites the dust
A few years ago, the big topic among states was license reciprocity, which is an agreement between states to license non-resident real estate agents. At its peak, Pennsylvania had twelve reciprocal agreements. Now, we’re down to eight.
Read More The deed of registering deeds: Are you liable?
The law says the owner or an agent on behalf of the owner must register the deed. Who is this agent they speak of? It could be you!
Read More To disclose or not to disclose? There is no question
The Environmental Protection Agency introduced a new rule that requires additional precautions be taken and additional disclosure when completing projects that disturb lead-based paint.
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Exclude me, please!
Farmstead and Homestead Exclusions are a wonderful thing; if you understand the process.
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