summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to further regulate the value of real estate transactions. Revenue.
AI Summary
This bill aims to properly value real estate transactions by amending the state's general laws to require trustees of a trust to pay the real property tax on any disposition of a real property interest that is less than its fair cash valuation, based on the assessed fair cash valuation of the property. This provision is intended to ensure that real estate transactions are properly valued for taxation purposes.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5043 (on 08/29/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2867 |
| Bill | https://malegislature.gov/Bills/192/H2867.pdf |
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