Dedicates 50 percent of revenues collected from additional fees and taxes imposed on real property transfers valued over $1 million to Affordable Housing Trust Fund.

This bill redirects 50% of existing revenue from two specific taxes on high-value real estate transactions to the Affordable Housing Trust Fund. It applies to sellers of residential, commercial, farm, or cooperative properties sold for over $1 million, as well as certain commercial property transfers involving controlling interests exceeding $1 million. Currently, these revenues go to the General Fund; this bill mandates that half be instead deposited annually into the housing trust fund to support affordable housing programs. The change would take effect July 1 following enactment.