A bill for an act relating to real estate transfer tax, including declarations of value.

Summary

The bill would require a signed declaration of value to be filed with the county recorder whenever a deed or similar instrument is recorded, unless the transfer falls under listed exemptions. It adds new exemptions for transfers tied to corporate mergers, intra‑entity reorganizations, and trust distributions made without consideration. The goal is to keep the tax process for typical sales while easing paperwork for certain non‑taxable transactions.

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