H8193Introduced in the House
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Introduced by Michelle McGaw, District 71
What does this bill do?
Plain-English breakdown
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Official description
TAXATION -- REAL ESTATE CONVEYANCE TAX - Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Where it stands
Committee recommended measure be held for further study
April 29, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced, referred to House Finance
Scheduled for hearing and/or consideration (04/29/2026)
Committee recommended measure be held for further study
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