summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to properly value real estate transactions for tax purposes. Revenue.
AI Summary
This bill aims to properly value real estate transactions for tax purposes. It proposes amending Chapter 59 of the 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 according to Section 38. This measure is intended to ensure that real estate transactions are properly valued for tax purposes.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
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/190/H3623 |
| Bill | https://malegislature.gov/Bills/190/H3623.pdf |
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