PA 1031 Question - "Replacement" Basis?

[John Mayer]

I am putting this question out here as I have not been able to find anything definitive.  I am well aware of the Pennsylvania non-recognition of IRC Section 1031.  I know that gain is recognized when a Pennsylvania property is sold in a like-kind exchange.  However, if a Pennsylvania property is purchased as REPLACEMENT property in a like-kind exchange, what is the basis in the property for PA purposes?  My current conclusion is that since PA does not recognize 1031 transactions, the basis in the property would be the purchase price and not the carryover (exchanged) basis from the exchange.  Can anyone confirm or point me in the right direction where I may find something definitive on this?  Thanks to all!