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2002 SESSION

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HB 503 BPOL tax; exemption for receipts of real estate brokers and agents.

Introduced by: Thelma Drake | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

BPOL tax; exemption for certain receipts of real estate brokers and agents. Allows real estate brokers to claim an exclusion for commissions paid to agents provided the agent has paid the BPOL tax on such commissions. The bill also allows agents to exclude desk fees and other overhead costs paid to a broker provided the agent identifies the broker to whom such fees have been paid and the broker includes them in its license application.


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