Bills › 91st General Assembly
Relating to real estate transfer tax, including declarations of value
Sponsored by the House Ways and Means (successor To Hsb 569) (companion To Sf 2191 By Committee on Judiciary) Committee
Topics:Housing & propertyTaxes
Where it is now
- Done: IntroducedJanuary 28, 2026
- Done: SubcommitteeFebruary 5, 2026
- Done: House committeeMarch 25, 2026
- Done: Passes the HouseApril 6, 202691–0
- Done: Senate committeeApril 15, 2026
- Done: Passes the SenateApril 22, 202644–0
- Done: To the GovernorMay 6, 2026
- Done: Signed into lawMay 15, 2026
Signed into law What’s a funnel?
What’s in it
AI summary People transferring property through certain business mergers or reorganizations would no longer have to submit a declaration of value to the county recorder. This rule also applies to property moved between a business and its owners during a company's setup or closing, as well as trust assets given to beneficiaries for free. These changes affect businesses and trusts that are already exempt from paying real estate transfer taxes.1
Read the official explanation
This bill relates to real estate transfer tax, including declarations of value.2. When a deed, instrument, or writing conveys real property, a declaration of value must be submitted to the county recorder. Under current law, a declaration of value is not required for certain instruments that are not subject to a real estate transfer tax. The bill expands the categories of instruments exempt from the declaration of value requirement to include the following: (1) instruments of transfer made or delivered as a result of a corporate or limited liability company merger, consolidation, or reorganization; (2) deeds between a family corporation, partnership, limited liability partnership, or limited liability company and its stockholders, partners, or members for the purpose of transferring real property in an incorporation or corporate dissolution or the organization or dissolution of a partnership, limited partnership, limited liability partnership, or limited liability company, when the deeds are given for no actual consideration other than shares or debt securities of the entity; and (3) deeds transferring distributions of trust assets to beneficiaries when conveyed without consideration.
Why it matters. Businesses undergoing mergers, consolidations, or reorganizations and certain family-owned entities would no longer need to submit a declaration of value when transferring real property. This change also applies to trusts that transfer assets to beneficiaries without receiving payment in return.2
Senate subcommittee
Named April 13, 2026. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part