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
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2026
Last action May 12, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
1
May 12, 2026
Legislature · Passed
05/12/2026 Committee heard
legislature
Jan 23, 2026
Introduced
01/23/2026 Introduced, referred to Senate Finance
upper
10 primary · 0 co-sponsors
Sponsors
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