S2232Introduced in the Senate
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 Victoria Gu, District 38
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 heard
May 12, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
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Bill history
Introduced, referred to Senate Finance
Scheduled for hearing and/or consideration (05/12/2026)
Committee heard
Verify the information
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