Sale of Residential Real Property - Offers to Purchase and Transfer Tax
Sponsor: William C. Smith, Jr. (District 20)Committee: Judicial ProceedingsSubject: Taxes - Recordation and TransferStatus: Hearing canceled (as of Nov 9, 2023)
What this bill does
Official synopsis
Authorizing a person who offers certain residential real property for sale to a third party, for the first 30 days, to accept only an offer to purchase the property made by an individual, a community development organization, a nonprofit organization or a certain real estate enterprise; and altering the rate of the State transfer tax payable for an instrument of writing for a sale of certain residential real property under certain circumstances.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (0)
MGA witness listNo witness list on file because no hearing has been scheduled.