BILL · 2021–22 SESSION

SB 5757: Multifamily properties/REET

Adjusting the real estate excise tax rate for multifamily residential properties.

Summary

  • Imposes a real estate excise tax rate of 1.28 percent on the sale of multiple-unit housing, regardless of the selling price.

From the Senate Bill Report (SB 5757), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 10, 2022
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Chris Gildon (R-25)
Introduced
January 10, 2022 in the Senate
Last action
January 10, 2022

AN ACT Relating to adjusting the real estate excise tax rate for multifamily residential properties;

Sponsors

Prime sponsor: Chris Gildon (R-25)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Housing & Local Government.
  2. Prefiled for introduction.

SB 5757 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page