February 26, 2025 – Introduced by Senators Wimberger, Marklein and Tomczyk, cosponsored by Representatives Franklin, Armstrong, Behnke, Dittrich, Knodl, Kreibich, Maxey, Melotik, Nedweski, Tusler and Sinicki.
Proposal: SB84 (-1295) View Bill History
relating to: exempting certain conveyances between grandparents and grandchildren from the real estate transfer fee.
This bill exempts conveyances of real estate interests between grandparent and grandchild for nominal consideration from the real estate transfer fee. Subject to various exemptions, current law generally requires a person who conveys an interest in real estate to file a real estate transfer return with the county register of deeds and pay a real estate transfer fee equal to 30 cents for each $100 of the value of the conveyance.
