Increase in Real Estate Conveyance, Gift and Estate Taxes Likely

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A budget bill has been approved by the General Assembly that includes increases in the real estate conveyance tax, gift and estate taxes. The bill increases the real estate conveyance tax by ¼ of one percent. The impact of the changes is summarized below.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Greg Allen, Trendowski & Allen, PC | Attorney Advertising

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