General Assembly Home Page
Session Information
Complete Bill Listing
You will need to download and install Acrobat Reader to view PDF documents.
|
|
House Bill 1539
ARCHIVE (2007)
Latest Information
| | DIGEST OF INTRODUCED BILL
Replacement of property tax with transfer tax. Provides that property may not be assessed for taxation after 2010. Establishes the real estate transfer tax on all transfers of a real property interest for valuable consideration. Imposes the real estate transfer tax at the rate of 10% of the consideration paid for the conveyance. Specifies exemptions from the real estate transfer tax. Establishes the county real estate transfer tax fund. Requires distributions from the fund to the civil taxing units and school corporations located in the county proportional to their 2010 property tax levies. |
Current Status:
| | In Committee - first House |
>Latest Printing > (PDF)
- Action List
>
- Introduced Bill
> (PDF)
- Fiscal Impact Statement(s): >1(PDF)
- House Committee Reports
- House Amendments
- Senate Committee Reports
- Senate Amendments
- Conference Committee Reports
|
