Title: Increases Rate of Realty Transfer Tax
Signed by Governor John Carney, Jr.
Title: Increases Rate of Realty Transfer Tax
Vote to pass a bill that increases the rate of transfer realty tax by 1%.
Increases the realty transfer tax from 2 percent to 3 percent (Sec. 1).
Increases the 1.5 percent realty transfer tax in certain municipalities to 2.5 percent (Sec. 1).
Increases the rate of tax on certain construction projects exceeding $10,000 from 1 percent to 2 percent (Sec. 1).
Specifies that this does not affect real estate transfers with contracts entered into before August 1, 2017 (Sec. 2).
Title: Increases Rate of Realty Transfer Tax
Vote to pass a bill that increases the rate of realty transfer tax by 1 percent.
Increases the realty transfer tax from 2 percent to 3 percent (Sec. 1).
Increases the 1.5 percent realty transfer tax in certain municipalities to 2.5 percent (Sec. 1).
Increases the rate of tax on certain construction projects exceeding $10,000 from 1 percent to 2 percent (Sec. 1).
Specifies that this does not affect real estate transfers with contracts entered into before August 1, 2017 (Sec. 2).
Title: Increases Rate of Realty Transfer Tax