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Bills · 2013-2014 Regular Session

AB 621

Died at session end Official bill text Atom feed

Relating to: exempting from taxation certain amounts received by a realtor for the sale of a foreclosed property. (FE)

Income tax — Deduction Legislature — Tax exemptions, joint survey committee on Mortgage Real property — Agent

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill creates an individual income tax deduction for any amount of

commission that is received by licensed real estate brokers or salespersons on the

sale of a foreclosed property, provided that the property sells for $50,000 or less.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Barnes (D) , Berceau (D) , Goyke (D) , Hebl (D) , Hulsey (D) , Johnson (D) , Kessler (D) , Ohnstad (D) , Pasch (D) , Sargent (D) , Sinicki (D) , Wright (D) , Zamarripa (D) , Zepnick (D)

3 cosponsors

Harris (D) , L. Taylor (D) , Schultz (R)

Full history

  1. Jan 15, 2014 · Assembly

    Introduced by Representatives Goyke, Johnson, Hulsey, Berceau, Hebl, Pasch, Sargent, Zepnick, Kessler, Sinicki, Ohnstad, Barnes, Zamarripa and Wright; cosponsored by Senators Harris, Schultz and L. Taylor

  2. Jan 15, 2014 · Assembly

    Read first time and referred to Committee on Housing and Real Estate

  3. Feb 6, 2014 · Assembly

    Fiscal estimate received

  4. Apr 8, 2014 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1