Connecticut Plan to Tax Home Sales Quashed

It seems like each year Connecticut legislators try to increase taxes on homeowners. Well, every year is close to accurate, at least for the last decade.

Every year since 2003, Connecticut lawmakers extended what was supposed to be a temporary conveyance tax, but they made it permanent in 2011. Going for more revenue, lawmakers also wanted to add an additional new tax (up to 1%) on home purchases.

REALTORS® said “enough” and after an aggressive campaign focused on the legislature that utilized radio, billboards, print ads and lots of news coverage aimed at the legislature, the Connecticut Plan was dropped.