HB1440 amends the Property Tax Code to exempt tax deeds issued to a county as trustee from municipal transfer stamps and real estate transfer taxes.
HB1440 modifies the Property Tax Code to ensure that tax deeds issued to a county acting as trustee are exempt from municipal transfer stamps and any municipal real estate transfer taxes, requirements, or certifications before recording. This change applies to tax deeds executed by the county clerk under the official seal of the county, which vest the title of the property in the grantee, their heirs, and assigns.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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