HB 1628 - Real Estate Excise Tax (REET)

Posted By: Ryan Makinster Bills,

Increasing the supply of affordable housing by modifying the state and local real estate excise tax.

Bill Information

Sponsors:  ChoppMacriPetersonAlvaradoTaylorReedPolletLekanoffFitzgibbonBergRiccelliDavisStreetRamelDuerrSennDoglioCortesStonierGregersonMenaBerryFosseGoodmanBergquistSlatterOrmsbyThaiFarivarSimmonsWylie

Status: (H) Rules

What the bill does:

  • Increases real estate transaction tax on sales over $5 million from 3% to 4%
  • Funds to support affordable housing programs

Latest Action Alert: N/A

Talking Points: N/A