Exempts first-time homebuyers from the mortgage recording tax.

This bill amends the tax law to exempt first-time homebuyers from the mortgage recording tax. A first-time homebuyer is defined as a natural person who has not owned a primary residential property and is not married to someone who has owned a residential property in the past three years. The exemption applies to mortgages executed after the bill becomes law.

Exempts first-time homebuyers from the mortgage recording tax.

This bill amends the tax law to exempt first-time homebuyers from the mortgage recording tax. A first-time homebuyer is defined as a natural person who has not owned a primary residential property and is not married to someone who has owned a residential property in the past three years. The exemption applies to mortgages executed after the bill becomes law.