2007 House Bill 4441 ↩

House Roll Call 44: Passed

To temporarily raise the real estate transfer tax applied to sales of primary residences from .75 percent to .85 percent, and give this tax revenue to the county and local government in which a parcel is located. These would be required to use the money for extra public safety spending. The higher tax would not apply to new construction. The higher tax and revised distribution would be in effect from April 1, 2007 to Sept. 1, 2008. The bill is tie barred to HB 4440 (each will only become law if the other does), which authorizes a temporary moratorium on the Proposal A taxable value “pop-up” for property that is sold as a homestead (principle residence).