2009 House Bill 5035

Exempt residence sale to relative from tax “pop up”

Introduced in the House

June 3, 2009

Introduced by Rep. Wayne Schmidt (R-104)

To exempt the sale of real property to a family member from the taxable value "pop up," where the property tax taxable value jumps from a capped value to the current market value upon sale.

Referred to the Committee on Tax Policy