CT HB06435

Eliminates exemptions from conveyance tax for deeds in lieu of foreclosure that transfer a transferor's principal residence, effective October 1, 2013.

Removes exemption for instruments transferring a principal residence where the gross purchase price is insufficient to cover mortgages and municipal liens, effective October 1, 2013.

Removes reference to section 49-24 from the list of Superior Court decrees that exempt deeds from conveyance tax.

Intended to increase state revenue by requiring conveyance tax payment on foreclosure-related residential property transfers that were previously exempt.