AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX
Summary
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Bill status
died
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2025
Last action May 13, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
May 13, 2025
Committee
05/13/2025 Committee recommended measure be held for further study
legislature
Feb 26, 2025
Introduced
02/26/2025 Introduced, referred to House Finance
lower
9 primary · 0 co-sponsors
Sponsors
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