State Transfer Tax – Rates and Distribution of Revenue – Alterations
An Act Concerning The Real Estate Conveyance Tax.
Eliminates supplemental realty transfer fee and one percent fee on transfers of certain commercial real estate and tax on sale of controlling interests in certain commercial real property.
Eliminates supplemental realty transfer fee and one percent fee on transfers of certain commercial real estate and tax on sale of controlling interests in certain commercial real property.
Single-family home ownership restricted for corporate entities, increased deed tax rates on conveyances of single-family homes provided to corporate owners, state portion of revenues dedicated from the increased deed tax rates for the workforce and affordable homeownership program, and statewide landlord database created.
Ownership of single-family homes restriction for corporate entities
Relating To The Conveyance Tax.
Relating To The Conveyance Tax.