East Norriton Medical Associates, Ltd. v. Commonwealth

COLINS, President Judge.

East Norriton Medical Associates, Ltd. (ENMA) petitions for review of a November 27, 1990 order of the Board of Finance and Revenue (Finance and Revenue), which affirmed the determination of the Department of Revenue (Revenue) assessing a deficiency in the amount of tax owing on the transfer of an interest in real estate from Montgomery County Industrial Development Authority (Authority)1 to ENMA. We affirm.

On December 21, 1984, ENMA contracted for the construction of a medical office building on the subject tract owned by Suburban General Hospital (Hospital). In order…