Bills · 2023-2024 Regular Session
Relating to: the amount and distribution of the real estate transfer fee. (FE)
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- 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. The county retains 20 percent of the fees collected and transmits the
remainder to the state.
This bill decreases the real estate transfer fee from 30 cents to 20 cents for each
$100 of the value of the conveyance. Under the bill, the county retains 30 percent
of the fees collected in 2023 and 2024, 40 percent of the fees collected in 2025, and
50 percent of the fees collected in 2026 and each year thereafter.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Votes
Assembly: Report Assembly Amendment 1 adoption recommended by Committee on Housing and Real Estate, Ayes 12, Noes 1
Passed 12–1 Mar 13, 2024 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Assembly: Report passage as amended recommended by Committee on Housing and Real Estate, Ayes 9, Noes 6
Passed 9–6 Mar 13, 2024 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Full history
- May 17, 2023 · Assembly
Introduced by Representatives Green, Krug, Behnke, Bodden, Murphy, Mursau, O'Connor, Plumer, Schmidt, Edming, Oldenburg and Allen; cosponsored by Senators Stafsholt, Marklein, Nass, Quinn and Stroebel
- May 17, 2023 · Assembly
Read first time and referred to Committee on Housing and Real Estate
- May 30, 2023 · Assembly
Fiscal estimate received
- Jun 16, 2023 · Assembly
Assembly Amendment 1 offered by Representative Green
- Oct 18, 2023 · Assembly
Senator Ballweg added as a cosponsor
- Oct 18, 2023 · Assembly
Representative Zimmerman added as a coauthor
- Oct 26, 2023 · Assembly
Representative Goeben added as a coauthor
- Dec 11, 2023 · Assembly
Representative Callahan added as a coauthor
- Jan 9, 2024 · Assembly
Public hearing held
- Jan 16, 2024 · Assembly
Assembly Amendment 2 offered by Representative Krug
- Jan 24, 2024 · Assembly
Executive action taken
- Feb 12, 2024 · Assembly
Assembly Amendment 3 offered by Representative Green
- Mar 13, 2024 · Assembly
Report Assembly Amendment 1 adoption recommended by Committee on Housing and Real Estate, Ayes 12, Noes 1
- Mar 13, 2024 · Assembly
Report passage as amended recommended by Committee on Housing and Real Estate, Ayes 9, Noes 6
- Mar 13, 2024 · Assembly
Referred to committee on Rules
- Apr 15, 2024 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1