Amends the excise tax on property transfers to clarify exemptions and definitions.

The bill amends the definitions section of the excise tax on property transfers to add and clarify exemptions and what is a "person." It removes the exemption for certain transfers and adds an exemption for others. The bill defines terms such as "association," "corporation," "document," "person," and "value." The value is based on the Assessor's assessed value divided by 60 percent.

Amends the excise tax on property transfers to clarify exemptions and definitions.

The bill amends the definitions section of the excise tax on property transfers to add and clarify exemptions and what is a "person." It removes the exemption for certain transfers and adds an exemption for others. The bill defines terms such as "association," "corporation," "document," "person," and "value." The value is based on the Assessor's assessed value divided by 60 percent.