Conveyance Tax On Buyers.
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Yesterday I wrote about my visit to Hartford for Realtor Day At The Capitol, and the first issue that I felt needed to be brought to everyone’s attention, and that those of us in the Real Estate Industry need to come out in opposition of this Legislative session, was House Bill HB 6349, Tax On Professional Services. The second Bill that I feel everyone needs to aware of, and to strongly oppose is House Bill HB 6397, which has been proposed and defeated the last two years, which would create a new 1% Real Estate Conveyance Tax on Buyers on properties with a sales price over $150,000. This means that here in Connecticut just about all houses would be affected by this new conveyance tax, as well as many Condominiums. This Bill as well as HB6349 that I wrote about yesterday, flies in the fa...
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