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2005 SESSION
SB 920 Recordation tax; limits fee imposed by cities and counties.
Introduced by: Harry B. Blevins | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Local recordation fee. Allows cities and counties to impose a fee not to exceed $250 on certain recorded instruments that are subject to the state recordation tax. The fee will be paid by the grantor and will only be allowed in localities having a growth rate in K through 12 school-age population of one-half percent over the previous three years combined growth rate. Also, affordable housing is exempt from the fee. The revenues generated by the fee are to be used by the locality for public school capital projects.
FULL TEXT
HISTORY
- 01/11/05 Senate: Prefiled & ordered printed; offered 01/12/05 051435702
- 01/11/05 Senate: Referred to Committee on Finance
- 02/08/05 Senate: Left in Finance