Monthly Archives: May 2007

May 31, 2007: Land Transfer Tax Update

May 31, 2007
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Much discussion continues in the House and Senate Finance Committees concerning where and how to generate the additional revenues required by State, County and Municipal governments to address our requirements of growth. Medicaid Relief, schools and inrastructure needs continue to lead the list.

There is talk of LTT being raised via the .2% Deed Stamp Tax with variations on distribution for State, County and Municipalities. If it does go this route, local voter referendums will probably not apply as all counties would have to be a player from the start. The only ...

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May 10, 2007: Another Land Transfer Tax bill

May 10, 2007
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Representative Weiss filed House Bill 1982 (a companion Bill for Senator Atwater's SB1516) yesterday for all counties to receive referendum authority for 1%LTT. It includes a cut by formula for municipalities with over 5,000 residents.

While we look pretty good in the House, we need help with the Senate Finance Committee. Contact info is listed on the county website. Please contact these Senators and ask your friends to do likewise. This effort needs to start immediately, as decisions are being made now.

Thank you for your help!

(note 5/15/07: I removed the sentence that was...

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