In CommitteeFiled Feb 6, 2026
Sponsor: Paul Faraci (D)
Latest Action
Added as Co-Sponsor Sen. Mike Simmons
Mar 6, 2026
Summary
SB 3931 raises the state’s real‑estate transfer tax from 50¢ to 75¢ per $500 of property value and directs part of the revenue to a new Community Housing Reintegration Fund. The fund, managed by the Department of Human Services, will provide housing vouchers for individuals leaving or at risk of entering congregate long‑term care because they lack affordable, accessible homes. The goal is to reduce institutionalization and expand community‑based living options.
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