Expands exemptions from real estate transfer tax declaration of value requirements.

This bill modifies the real estate transfer tax regulations by expanding the exemptions from the declaration of value requirement. Specifically, it exempts certain instruments related to corporate mergers, reorganizations, and transfers between family corporations and their members, as well as certain conveyances without consideration. These changes apply to instruments that are not subject to the real estate transfer tax.

Expands exemptions from real estate transfer tax declaration of value requirements.

This bill modifies the real estate transfer tax regulations by expanding the exemptions from the declaration of value requirement. Specifically, it exempts certain instruments related to corporate mergers, reorganizations, and transfers between family corporations and their members, as well as certain conveyances without consideration. These changes apply to instruments that are not subject to the real estate transfer tax.