H8193 — Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.

H8193 — Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing. · Informed CitizenryH8193 authorizes local towns to implement their own specific conveyance tax rates when residential properties are sold for more than $900,000. The new rate is set at ten dollars for every five hund…Open in Informed Citizenry