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 $800,000.00 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 2024
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2024
Last action Apr 30, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Apr 30, 2024
Committee
04/30/2024 Committee recommended measure be held for further study
legislature
Feb 12, 2024
Introduced
02/12/2024 Introduced, referred to Senate Finance
upper
8 primary · 0 co-sponsors
Sponsors
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