SB 2697: AN ACT RELATING TO TAXATION -- REAL ESTATE CONVEYANCE TAX
Topics
✓ Budget & TaxesSupports Budget & TaxesImposes targeted tax on high-value real estate sales ($900k+) to fund affordable housing, increasing dedicated public service funding via new tax revenue stream.
✓ HousingSupports HousingBill directs conveyance tax revenue from high-value home sales to fund affordable housing programs within 2 years, explicitly advancing housing affordability.
Sponsors
Meghan Kallman
(D)
,
Mark McKenney
(D)
,
Alana DiMario
(D)
,
John Burke
(D)
,
Victoria Gu
(D)