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The governor has signed into HB 761 into Act 85 and transfers of family farms for corporate liability reasons are now exempted from the realty transfer tax reports State Rep. Jim Cox (R-129) Excluded from the tax is the “transmission of real estate devoted to agriculture if the transfer is to a family farm, general, limited or limited-liability partnership by a member of the same family and the family directly owns at least 75 percent of the interests in the partnership,” says Cox. It would also exempt a transfer between members of the same family of an ownership interest in a real estate company, family farm corporation, general, limited or limited-liability partnership which owns real estate. It further exempts the transfer of certain agricultural real estate and property to a surviving child or sibling from the state’s inheritance tax by exempting from the realty transfer tax a transfer of real estate used for agriculture by a family member to family farm business controlled by the same members of the same family. In other cases, the realty transfer tax is imposed at 2 percent of the value of the property being transferred. The law reverses a policy change enacted during the Rendell administration which allows the state to collect taxes from a farm owner who reorganizes his or her agricultural business for corporate liability reasons. A 2000 court decision established the principle that a conveyance of realty owned by a general partnership to a “succeeding” limited partnership would not be considered a “transfer of realty” if the partners and proportionate share of ownership interests among the partners remains the same. |
Honor Flight Gets Distinguished Service Award
The Military Officers Association of America has bestowed upon Honor Flight the Distinguished Service Award for 2012.
Honor Flight is a national non-profit organization founded in 2005 to give aging or terminally ill veterans a day of honor in Washington D.C.
There is no cost to the veterans. Thousands of them have participated in the last six years.
The Philadelphia hub was started last summer by Springfield (Delco) resident Andrew Schiavello.
Unexpected Music Find Of The Day
Ivan Jed has clued me into Los Angeles-based Walla, an electronic/dance/rock band that is quite good.
You can sample them here.
Thanks Ivan.
Pa. GOP Sets Us Up For New Tolls
Uh-oh Chongo. Do new toll snarl-creating tolls roads and bridges loom in Pennsylvania’s future?
HB 3, passed by the state House 117-79 and the Senate 49-0, has been signed into Act 88 by Gov. Corbett.
The legislation partners “the public and private sectors to help rebuild the state’s deteriorating transportation infrastructure” according to State Rep. Jim Cox (R-129)
Cox said the law “provides a broad-based framework for transportation public-private partnerships, or P3s, authorizing contractual arrangements between a public entity and a private entity.” Under the P3, the public entity maintains ownership of the asset, but contracts with a private entity to develop, construct, manage, operate and/or finance a given project.
The implementation of P3s has the potential to generate $2.7 billion in revenue over a five-year period to deal with the repair and replacement of nearly 5,000 structurally deficient bridges in Pennsylvania, the highest number in the nation, Cox said. A 2010 study by the State Transportation Advisory Committee indicated an additional $3.5 billion per year is needed to fully meet Pennsylvania’s transportation infrastructure needs.
Currently, 32 other states and Puerto Rico have enacted laws authorizing the implementation of P3s, Cox said.
Hey, how about we just get rid of prevailing wage which inflates construction cost by — at least — 10 percent, and then put our legislators and public school teachers on 401Ks to start solving the upcoming pension bomb? Then maybe we would start finding the money to fix our roads and bridges without new tolls.
By the way, it has been noted that this year’s budget includes $1.7 million for prescription and dental benefits for our legislators. Granted the revelation comes from RockTheCapitol.com, which one strongly suspects would not be making an issue of this if the Democrats were running things, but those of us who think all politicians are suspect have no problem spreading this news.
We will point out that the “Cadillac” benefits package is not a new thing.
Rusty Carter Leads The Pledge
Rusty Carter, the Springfield soldier paralyzed from chest down from injuries received while serving in Afghanistan, led the crowd in the Pledge of Allegiance during the July 6 Phillies game.
Off The Internet: Democrats’ Chaos
Courtesy of Kate Rainey
This tells the story of why Bush was so bad at the end of his term.
Don’t just skim over this, it’s not very long, read it slowly and let it sink in. If in doubt, check it out!!!
The day the democrats took over was not January 22nd 2009, it was actually January 3rd 2007 the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.
The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
For those who are listening to the liberals propagating the fallacy that everything is “Bush’s Fault”, think about this:
January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
Remember the day…
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
Unemployment… to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!
Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001 because it was financially risky for the US economy.
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA
And who fought against reform of Fannie and Freddie?
OBAMA and the Democrat Congress
So when someone tries to blame Bush..
REMEMBER JANUARY 3rd, 2007…. THE DAY THE DEMOCRATS TOOK OVER!”
Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democrat Party.
Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 &2011.
In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.
And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009.
If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.
There is no way this will be widely publicized, unless each of us sends it on
Link Of The Day: All God’s Creatures
Courtesy of Fran Coppock
Remember Irena Sendler
Courtesy Judy McGrane
Irena Sendler Died: May 12, 2008 (aged 98)
Warsaw, Poland During WWII, Irena, got permission to work in the Warsaw ghetto to check for typhus, which the Nazis feared might spread beyond the ghetto.
She had an ulterior motive.
Irena smuggled Jewish infants out in the bottom of the tool box she carried.
She also carried a burlap sack in the back of her truck, for larger kids.
Irena kept a dog in the back that she trained to bark when the Nazi soldiers let her in and out of the ghetto.
The soldiers, of course, wanted nothing to do with the dog and the barking covered the kids/infants noises.
During her time of doing this, she managed to smuggle out and save 2500 kids/infants.
Ultimately, she was caught, however, and the Nazi’s broke both of her legs and arms and beat her severely.
Irena kept a record of the names of all the kids she had smuggled out,
In a glass jar that she buried under a tree in her back yard.
After the war, she tried to locate any parents that may have survived and tried to reunite the family.
Most had been gassed. Those kids she helped got placed into foster family homes or adopted.
In 2007 Irena was up for the Nobel Peace Prize. She was not selected.
Al Gore won, for a slide show on Global Warming.
Later another politician,Barack Hussein Obama, won for his work as a community organizer for ACORN.
In MEMORIAM – 65 YEARS LATER
I’m doing my small part by forwarding this message.
I hope you’ll consider doing the same.
It is now more than 65 years since the Second World War in Europe ended.
This e-mail is being sent as a memorial chain,
In memory of the six million Jews, 20 million Russians, 10 million Christians and 1,900 Catholic priests
Who were murdered, massacred, raped, burned, starved and humiliated!
Now, more than ever, with Iran , and others, claiming the HOLOCAUST to be ‘a myth’.
It’s imperative to make sure the world never forgets,
Because there are others who would like to do it again.
This e-mail is intended to reach 40 million people worldwide!
Please send this e-mail to people you know and ask them to continue the memorial chain.
Please don’t just delete it. It will only take you a minute to pass this along
Remember Irena Sendler
More Went On Disability Than Got Jobs In June
How great are things in Obamaworld?
Ed Morrisey of Hot Air points out that 80,000 jobs were created in June while 85,000 people left the workforce that month to enroll in the Social Security Disability Insurance Program. He notes that 3.1 million workers signed up for disability benefits since June 2009.
An aside: I heard a radio news report saying that the June job growth was “unexpectedly” low.
Answer me Grasshopper: Can what is always less than expected be unexpected?
Bee Mites Cancel Grange Honey Harvest
Due to an infestation of bee mites and white moths, there will not be a “honey harvest” at the Historic Grange Estate this summer.
However, the Grange beekeepers will hold a “Bee Demonstration,” 1 p.m., July 21, that will include the six new hives — two Russian and four Carniolan hives — recently built and relocated on the property, a visit to the “bee house” to see the tools and clothing used by the beekeepers and observing live bees in a plexiglass box to see how they operate in the hive.
For questions or more information, call the Grange office at 610-446-4958 or e-mail grangeest@verizon.net.
The Historic Grange Estate is at 143 Myrtle Ave., Havertown, Pa. 19083
Hat tip Cathy Martin