Real estate professionals and developers are leading the repeal effort, which began with the citizen petition process.
Assembly members say the mandate is not about boosting tax revenue., and didn’t want to share how she’ll vote on the repeal question. But she said she was disappointed with some of the messaging from repeal supporters.
No Assembly members have taken any steps or indicated that they want to create a real estate transfer tax., she said she just doesn’t buy that. She was referring to the update the Assembly made in February to the disclosure mandate. At first, the information had to be kept confidential. But afterdemanded more transparency, the Assembly ditched confidentiality.
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