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
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2025
Last action Mar 4, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Mar 4, 2025
Committee
03/04/2025 Committee recommended measure be held for further study
legislature
Jan 23, 2025
Introduced
01/23/2025 Introduced, referred to Senate Finance
upper
7 primary · 0 co-sponsors
Sponsors
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