Connecticut Statutes
§ 12-504 — Effect of federal transfer tax.
If the federal government imposes a federal documentary stamp tax on real estate transfers at the same rate as, or a higher rate than, that imposed by this chapter, this chapter shall cease to have any force and effect; but if such federal tax is imposed at a rate less than that imposed by this chapter, this chapter shall continue in effect but the tax imposed by this chapter shall be reduced by the amount of such federal tax.
Free access — add to your briefcase to read the full text and ask questions with AI
Connecticut § 12-504 (Effect of federal transfer tax.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(1967, P.A. 693, S. 11.)
Nearby Sections
15
§ 12-1
Definitions.§ 12-101
Due date and collection of tax.§ 12-102
Taxing of woodland.§ 12-103
Appeals.§ 12-107a
Declaration of policy.§ 12-107b
Definitions.§ 12-107c
Classification of land as farm land.§ 12-107f
Open space land.