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HB0112
Real estate transfer tax to offset property tax.
Year
2024
Status
Proposed
Sponsor
Yin
Committee
Not Assigned
Introduced
Feb 13, 2024
2 years ago
Last Action
H Failed Introduction 8-53-1-0-0
Status
Not Yet Signed
Bill is pending
Bill Synopsis
Adds a 1% tax on home and land sales over $1 million. Revenue is split between counties and the state, which uses its share to slightly lower property taxes.
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Individual Sponsor
This bill was sponsored by Yin rather than by a committee. Individual legislators can introduce bills that are then assigned to committees for review during the legislative process.
Documents & Resources
View Full Bill Text (PDF)
Official bill document
Last Action
H Failed Introduction 8-53-1-0-0