Pennsylvania Act 1947-379 — RELATING TO TAXATION: DISTRIBUTION OF RENTS OF REALTY SOLD AT TAX SALES

Act text

RELATING TO TAXATION: DISTRIBUTION OF RENTS OF REALTY SOLD AT TAX SALES
                 Act of Jun. 25, 1947, P.L. 913, No. 379              Cl. 53
                                  AN ACT

     Providing for the distribution of rents received from real
        estate sold for taxes by any taxing authority and purchased
        by any such taxing authority having tax claims against such
        real estate; declaring such taxing authority trustee for
        other taxing authorities; and providing for the formula and
        basis for computing and making distribution of the rentals
        received therefrom to other taxing authorities having claims
        against such real estate.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  As used in this act:
        (1)  "Taxing authority" shall mean the county or the county
     institution district, poor district, city, borough, town,
     township and school district of any county;
        (2)  "Trustee" shall mean the taxing authority of any county
     having authority by law to purchase real estate at a tax sale
     against which it holds tax claims.
        Section 2.  Whenever the trustee in any county of this
     Commonwealth has purchased real estate at a tax sale, it shall
     hold the title thereto in trust for itself and the other taxing
     authorities having tax claims against such real estate, and so
     long as it holds title to said real estate and collects rents
     therefrom, it shall make distribution of such rentals to and
     among the several taxing authorities according to their
     respective interests therein without unreasonable delay.
        Section 3.  The rents and rentals of any such property shall
     be computed upon the same basis, according to the same formula,
     and subject to the same priorities, that taxes and the proceeds
     of the resale of such real estate, are computed and distributed
     by the trustee under the provisions of law.
        Section 4.  All acts or parts of acts inconsistent with the
     provisions of this act are hereby repealed.