General Assembly Proposed Bill No. 6139
January Session, 2017 LCO No. 1447
*01447*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. STAFSTROM, 129th Dist.
General Assembly
Proposed Bill No. 6139
January Session, 2017
LCO No. 1447
*01447*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. STAFSTROM, 129th Dist.
AN ACT ESTABLISHING A MORTGAGE RECORDING TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to impose a tax of twenty-five cents per one hundred dollars of mortgage debt or obligation secured for the privilege of recording a mortgage on real property located within the state, such tax to be payable at the time of recording and remitted to the state for distribution to municipalities.
Statement of Purpose:
To establish a mortgage recording tax to diversify revenue streams to municipalities and provide property tax relief.