HB 1327

RELATING TO REAL ESTATE AGENTS

By Representative(s) HALFORD

Keywords: DEPARTMENT OF TAXATION, FINANCIAL INSTITUTIONS, GENERAL EXCISE TAX, REAL ESTATE AGENTS, REAL PROPERTY, TAX ASSESSMENT AND COLLECTION, TAXATION

Report Title: Real Estate Agents; GET

Description: Requires the withholding of any general excise tax due from real estate agents on the disposition of real property acquired with the use of an escrow depository. Reduces rate of tax to 3.9% for real estate transactions processed through an escrow depository.

 1-28-99        H Introduced and passed First Reading                      
 1-28-99        H Referred to the committees on 1. CPC 2. FIN ,
                  referral sheet 6
 1-19-00        H Carried over to 2000 Regular Session.