2004 House Bill 6159

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 10 percent of the transfer tax, in addition the penalty proposed by House Bill 6158.

Referred to the Committee on Tax Policy