Introduced
by
To revise timing details in a 2015 law that revised details of a real estate transfer tax exemption for homeowners whose home is worth less and is sold for less than when they bought it. That law and this bill ease slightly the eligibility for this exemption, and makes that expansion retroactive for a longer period. The real estate transfer tax is a .75 percent levy on property sales.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Amendment offered
by
To clarify that a retroactivity provision of the bill is subject to a statute of limitations specified in a different law.
The amendment passed by voice vote
Passed in the House 96 to 13 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Amendment offered
by
To require that any loss of school aid fund revenue under the bill be filled in with state general fund money.
The amendment failed 15 to 22 (details)
Passed in the Senate 30 to 7 (details)
To revise timing details in a 2015 law that revised details of a real estate transfer tax exemption for homeowners whose home is worth less and is sold for less than when they bought it. That law and this bill ease slightly the eligibility for this exemption, and makes that expansion retroactive for a longer period. The real estate transfer tax is a .75 percent levy on property sales.
Passed in the House 95 to 13 (details)
To concur with the Senate-passed version of the bill.
