Exempts senior citizens and blind or disabled persons from certain realty transfer fees.
This bill exempts the sale of owner-occupied residential property by a senior citizen or a blind or disabled person from certain State portions of the realty transfer fee. It also exempts the purchase by a senior citizen or a blind or disabled person of certain residential property from the 1% fee imposed upon the recording of title to that property if the selling price exceeds $1,000,000. The bill applies to transfers of real property occurring on or after the first day of the second calendar month following enactment.
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