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transfer tax

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Transfer tax
A small federal tax on the movement of ownership of all bonds (except obligation of the US, foreign governments, states, and municipalities) and all stocks.

Transaction Tax
A tax on a sale of property, especially the sale of a security. This is rarely used in the United States. In 1968, the City of Philadelphia levied a small transaction tax on all shares traded on the Philadelphia Stock Exchange, which caused the Exchange to move to Bala Cynwyd, immediately outside Philadelphia, until the tax was rescinded. More rarely, the term transaction tax may refer to a tax on the transfer of title on any property such as real estate. In this sense, capital gains taxes and estate taxes are transaction taxes. It is also called a transfer tax. See also: Stamp duty.

transfer tax
1. A tax on the transfer of securities that is paid by the seller. The SEC also imposes a small fee (1ยข per $500 value) on securities that are sold.
2. A tax on the transfer of assets by gift or by death.

transfer tax

A state or local tax imposed when title is transferred from one owner to another.


Transfer Tax
A tax imposed when real estate is sold or transferred from one person to another.


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Specifically, we are pleased, that a majority of legislators saw fit not to include a proposal which would have expanded the real estate transfer tax to include refinancing activity.
By our reckoning, a transfer tax on sales of all property is a better way to fund affordable housing -- and such a tax needs to come from throughout Santa Fe county, not just within city limits.
One important factor behind the precipitous decline in transfer tax revenues has been the abrupt drop in sales of very large commercial properties, which had been responsible for a significant share of tax revenue in recent years.
 
 
 
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