CT HB05979

Deeds conveying real property to public housing authorities in Connecticut would be exempt from the real estate conveyance tax under Section 12-494, effective July 1, 2025

Sales or transfers of a controlling interest in an entity to a public housing authority would be exempt from the controlling interest transfer tax (normally 1.11% of property value)

The controlling interest transfer tax applies when real property value equals or exceeds $2,000 and can occur through single transactions or series of transactions within six months

Both exemptions apply only to conveyances, sales, or transfers occurring on or after July 1, 2025

The bill adds public housing authorities to the existing list of exempt transferees, which already includes the state, political subdivisions, nonprofits, and certain other categories