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HB 1257: Tax/Documentary Stamp Tax to Fund Down Payment Assistance

GENERAL BILL by Nixon

Tax/Documentary Stamp Tax to Fund Down Payment Assistance; Creates additional documentary stamp tax in specified amount on residential property purchased by person who already owns certain number of residential properties; creates First-time Homebuyer Assistance Program within Department of Commerce; provides purpose & eligibility for such program; provides maximum amount of assistance that may be provided; provides that funding comes from specified tax revenue.

Effective Date: 7/1/2026
Last Action: 1/9/2026 House - Withdrawn prior to introduction
Bill Text: PDF



Bill History

Date Chamber Action
1/8/2026 House • Filed
1/9/2026 House • Withdrawn prior to introduction