2004 House Bill 6158

Penalties for real estate transfer tax avoidance

Introduced in the House

Sept. 9, 2004

Introduced by Rep. Chris Kolb (D-53)

To impose a penalty on a business that does not report a real estate ownership transfer (which is subject to a .75 real estate transfer tax). The penalty would be .5 percent of the property’s assessed value, in addition to the tax and the penalty proposed by House Bill 6159.

Referred to the Committee on Tax Policy