Skip to content

Bills · 2023-2024 Regular Session

SB 274

Died at session end Official bill text Atom feed

Relating to: the amount and distribution of the real estate transfer fee. (FE)

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. 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

Introduced by: Marklein (R) , Nass (R) , Quinn (R) , Stafsholt (R) , Stroebel (R)

16 cosponsors

Allen (R) , Ballweg (R) , Behnke (R) , Bodden (R) , Callahan (R) , Edming (R) , Green (R) , Krug (R) , Murphy (R) , Mursau (R) , O'Connor (R) , Oldenburg (R) , Plumer (R) , Rozar (R) , Schmidt (R) , Zimmerman (R)

Votes

Senate: Report adoption of Senate Amendment 1 recommended by Committee on Housing, Rural Issues and Forestry, Ayes 5, Noes 0

Passed 5–0 Nov 15, 2023 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report passage as amended recommended by Committee on Housing, Rural Issues and Forestry, Ayes 5, Noes 0

Passed 5–0 Nov 15, 2023 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: PASSAGE

Passed 21–11 Feb 13, 2024 official source full page

Full history

  1. May 8, 2023 · Senate

    Introduced by Senators Stafsholt, Marklein, Nass, Quinn and Stroebel; cosponsored by Representatives Green, Behnke, Bodden, Krug, Murphy, Mursau, O'Connor, Plumer, Schmidt, Rozar, Edming and Oldenburg

  2. May 8, 2023 · Senate

    Read first time and referred to Committee on Housing, Rural Issues and Forestry

  3. May 11, 2023 · Senate

    Representative Allen added as a cosponsor

  4. May 30, 2023 · Senate

    Fiscal estimate received

  5. Jun 22, 2023 · Senate

    Senate Amendment 1 offered by Senator Stafsholt

  6. Oct 18, 2023 · Senate

    Public hearing held

  7. Oct 18, 2023 · Senate

    Senator Ballweg added as a coauthor

  8. Oct 19, 2023 · Senate

    Representative Zimmerman added as a cosponsor

  9. Nov 15, 2023 · Senate

    Report passage as amended recommended by Committee on Housing, Rural Issues and Forestry, Ayes 5, Noes 0

  10. Nov 15, 2023 · Senate

    Available for scheduling

  11. Nov 15, 2023 · Senate

    Executive action taken

  12. Nov 15, 2023 · Senate

    Report adoption of Senate Amendment 1 recommended by Committee on Housing, Rural Issues and Forestry, Ayes 5, Noes 0

  13. Dec 11, 2023 · Senate

    Representative Callahan added as a cosponsor

  14. Feb 9, 2024 · Senate

    Placed on calendar 2-13-2024 pursuant to Senate Rule 18(1)

  15. Feb 12, 2024 · Senate

    Senate Amendment 2 offered by Senator Stafsholt

  16. Feb 13, 2024 · Senate

    Read a second time

  17. Feb 13, 2024 · Senate

    Senate Amendment 1 adopted

  18. Feb 13, 2024 · Senate

    Senate Amendment 2 adopted

  19. Feb 13, 2024 · Senate

    Ordered to a third reading

  20. Feb 13, 2024 · Senate

    Rules suspended to give bill its third reading

  21. Feb 13, 2024 · Senate

    Read a third time and passed, Ayes 21, Noes 11

  22. Feb 13, 2024 · Senate

    Ordered immediately messaged

  23. Feb 13, 2024 · Assembly

    Received from Senate

  24. Feb 14, 2024 · Assembly

    Read first time and referred to committee on Rules

  25. Apr 15, 2024 · Assembly

    Failed to concur in pursuant to Senate Joint Resolution 1