Modifies additional fees and taxes on certain real property transfers valued over $1 million; expands fees and taxes to Industrial Property and.

The bill modifies additional fees and taxes on certain real property transfers valued over $1 million. It eliminates the additional fee or controlling interest tax for transfers with consideration between $1 million and $2 million. The bill modifies the tiered fee schedule for transfers with consideration exceeding $2 million. It expands the imposition of fees and taxes to real property classified as Industrial Property and certain Apartments. Exemptions apply for certain transfers, including those involving affordable housing units.

Modifies additional fees and taxes on certain real property transfers valued over $1 million; expands fees and taxes to Industrial Property and.

The bill modifies additional fees and taxes on certain real property transfers valued over $1 million. It eliminates the additional fee or controlling interest tax for transfers with consideration between $1 million and $2 million. The bill modifies the tiered fee schedule for transfers with consideration exceeding $2 million. It expands the imposition of fees and taxes to real property classified as Industrial Property and certain Apartments. Exemptions apply for certain transfers, including those involving affordable housing units.