Skip to content

Bills · 2019-2020 Regular Session

SB 455

Died at session end Official bill text Atom feed

Relating to: the real estate transfer fee exemptions for conveyances to related individuals. (FE)

Family Family — Support Real estate transfer fee

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, 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

Current law, generally, requires a person who conveys an interest in real

property to file a real estate transfer return with the county register of deeds and pay

a real estate transfer fee equal to 30 cents for each $100 of the value of the

conveyance. Current law provides certain exemptions from paying the fee, including

exemptions for conveyances between an entity and the members of the entity who

are related to each other as spouses, lineal ascendants, lineal descendants, or

siblings.

This bill modifies current law so that the exemptions for conveyances between

entities and related members also apply to conveyances to members who are related

as an uncle and his nieces or nephews, an aunt and her nieces or nephews, or first

cousins.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Jacque (R) , Schachtner (D) , Smith (D)

6 cosponsors

Bowen (D) , Horlacher (R) , Ohnstad (D) , Skowronski (R) , Tusler (R) , Vruwink (D)

Full history

  1. Sep 27, 2019 · Senate

    Introduced by Senators Smith, Schachtner and Jacque; cosponsored by Representatives Vruwink, Tusler, Ohnstad, Skowronski, Horlacher and Bowen

  2. Sep 27, 2019 · Senate

    Read first time and referred to Committee on Utilities and Housing

  3. Oct 15, 2019 · Senate

    Fiscal estimate received

  4. Apr 1, 2020 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1