Enacts the "mansion tax adjustment act"

This bill, known as the "mansion tax adjustment act," raises the sales price threshold for a special tax on residential real estate from one million to two million dollars. It directly affects buyers and sellers of homes, apartments, or condominiums priced at or above this new limit, requiring them to pay an additional one percent tax on the transaction. The law includes a provision to automatically adjust this two million dollar threshold each year based on inflation, ensuring the limit keeps pace with rising costs. This change applies immediately upon enactment.