summary
Introduced
02/01/2021
02/01/2021
In Committee
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO REAL ESTATE; DEFINING "RESIDENTIAL PROPERTY" FOR THE PURPOSES OF PROPERTY TAX DISCLOSURES IN THE REAL ESTATE DISCLOSURE ACT; ALPHABETIZING DEFINITIONS.
AI Summary
This bill amends the Real Estate Disclosure Act to define "residential property" for the purposes of property tax disclosures. It defines "residential property" as real property consisting of one to four dwellings, but excludes property subject to a special method of evaluation or consisting primarily of temporary or transient human habitation, such as hotels or motels. The bill also alphabetizes the existing definitions in the act, including "buyer's broker" and "seller's broker".
Committee Categories
Budget and Finance, Justice
Sponsors (1)
Last Action
STBTC: Reported by committee without a recommendation (on 03/03/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=283&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0283.pdf |
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