Bill > S08830

This bill requires the disclosure of lead-based paint test reports in real estate transactions. Specifically, the bill: - Mandates that sellers of residential real property deliver to buyers a certificate indicating the property has been tested for lead-based paint and provide the test report prior to signing a binding contract of sale. The certificate and report must also be filed with the state Department of Health and the county office that registers property titles. - Allows buyers to deduct the cost of testing for lead-based paint from their taxes up to $500 per unit if the seller has not already provided a prior test report. - Prohibits waivers of the buyer's right to conduct a risk assessment or inspection for lead-based paint hazards. - Requires landlords to provide tenants with any lead-based paint test reports for the property prior to executing a lease. - Imposes penalties on landlords who fail to disclose lead-based paint information to tenants. The bill aims to increase transparency about lead-based paint hazards in residential properties and improve prevention of lead poisoning, especially among children.