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CT HB06139

Bill

Official Source

Status

Introduced

1/20/2017

Primary Sponsor

Steven Stafstrom

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Imposes a tax of 25 cents per $100 of mortgage debt or obligation on the privilege of recording mortgages on real property located within the state
  • Tax is payable at the time of mortgage recording
  • Tax revenue is remitted to the state for distribution to municipalities
  • Intended to diversify revenue streams to municipalities and provide property tax relief

Legislative Description

An Act Establishing A Mortgage Recording Tax.

Last Action

Public Hearing 02/24

2/17/2017

Committee Referrals

Finance, Revenue and Bonding1/20/2017

Full Bill Text

No bill text available