The value of which comprises 90% or more of the value of its entire The ownership or disposition of real estate or (2) holds real estate, Of the ownership interest in which is held by 35 or fewer personsĪnd which: (1) derives 60% or more of its annual gross receipts from The business of holding, selling, or leasing real estate 90% or more REAL ESTATE COMPANY A corporation or association which is primarily engaged in

The responsible members or general partners thereof, and as applied Or both, the term 'person' as applied to associations, shall include Used in any clause prescribing and imposing a fine or imprisonment PERSON Every natural person, association, or corporation. Related by the half blood or legal adoption shall be treated as if Of any of the foregoing and the estate of any of the foregoing. The ancestors and lineal decedents of any of the foregoing, a spouse The brothers and sisters of such individual's parents and grandparents, MEMBERS OF THE SAME FAMILY Any individual, such individual's brothers and sisters, The minimum requirements of a family farm corporation under this Part. That are devoted to the business of agriculture, it fails to meet Or transfer of stock or because of acquisition or transfer of assets It ceases to be a family farm corporation or when, because of issuance Is an acquired company when, because of voluntary or involuntary dissolution, To real estate acquired after February 16, 1986, a family farm corporation Manufacturing or processing operations of any kind (6) with respect (3) fur farming (4) stockyard and slaughterhouse operations (5) Or animals intended for use in sporting or recreational activities Training of game animals or game birds, fish, cats, dogs, or pets Skiing, show competition or racing (2) the raising, breeding, or The business of agriculture shall not be deemed to include (1) recreationalĪctivities such as, but not limited to, hunting, fishing, camping, Of the corporation is continuously owned by members of the same family. To the business of agriculture and at least 75% of each class of stock FAMILY FARM CORPORATION A corporation of which at least 75% of its assets are devoted A document shall also include a declaration of acquisition required to be presented for recording pursuant to § 24-206, Subsection 2, hereof. DOCUMENT Any deed, instrument or writing which conveys, transfers, demises, vests, confirms, or evidences any transfer or demise of title to real estate, but does not include wills, mortgages, deeds of trust, or other instruments of like character given as security for a debt and deeds of release thereof to the debtor, land contracts whereby the legal title does not pass to the grantee until the total consideration specified in the contract has been paid or any cancellation thereof unless the consideration is payable over a period of time exceeding 30 years or instruments which solely grant, vest, or confirm a public utility easement. Of Pennsylvania, the United States, or any other state, territory, CORPORATION A corporation, joint stock association, business, trust orīanking institution which is organized under the laws of the Commonwealth Other than a private trust or decedent's estate.

Unincorporated enterprise, owned or conducted by two or more persons ASSOCIATION A partnership, limited partnership, or any other form of In the company within a period of three years. Of itself or together with prior changes has the effect of transferring,ĭirectly or indirectly, 90% or more of the total ownership interest In the ownership interest in the company, however effected, if theĬhange: (1) does not affect the continuity of the company and (2) Meanings ascribed to them in this section: ACQUIRED COMPANY Real estate company is an acquired company upon a change

The following words, when used in this Part, shall have the Table to Disposition of Significant Resolutions Governmental and Intergovernmental Affairs Township Secretary as Enforcement Officer.Ĭollection of Delinquent Transfer Taxes and the Imposition of Interest and Penalties. Recorder of Deeds as Agent for the Township.ĭocumentary Stamps or Other Evidence of Payment.ĭetermination of Additional Tax Due or Redetermination. Real Estate or Interest Therein Partially Located in the Township. Search new homes Search Search Please enter a valid location or select an item from the list.Licenses, Permits and General Business Regulationsĭocuments Relating to Corporations and Acquired Companies.

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