A bill for an act relating to real estate transfer tax, including declarations of value. (Formerly HF 2188, HSB 569.) Effective date: 07/01/2026.

Became law

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Where it is in the process

Plain-English Summary

This bill changes the rules for when a "declaration of value" form is required for real estate transfers. Currently, this form is needed for most property sales. The bill adds new situations where the form is not required, such as for property transfers happening because of company mergers, reorganizations, or when property is moved between certain business structures and their owners without money changing hands. It also exempts transfers of trust assets to beneficiaries if no money is exchanged.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

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