HB 1257
Tax/Documentary Stamp Tax to Fund Down Payment Assistance
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
Tax/Documentary Stamp Tax to Fund Down Payment Assistance; Creates additional documentary stamp tax in specified amount on residential property purchased by person who already owns certain number of residential properties; creates First-time Homebuyer Assistance Program within Department of Commerce; provides purpose & eligibility for such program; provides maximum amount of assistance that may be provided; provides that funding comes from specified tax revenue.
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