Amends TCA Title 67, Chapter 4, Part 4.
As introduced, clarifies that a deed is treated as a quitclaim deed for transfer tax purposes if the deed only conveys the grantor's interest to the grantee, and that a deed containing language evidencing an intent to convey the property itself, warranties of title, or habendum clauses is taxed as a transfer of a freehold estate.
As introduced, clarifies that a deed is treated as a quitclaim deed for transfer tax purposes if the deed only conveys the grantor's interest to the grantee, and that a deed containing language evidencing an intent to convey the property itself, warranties of title, or habendum clauses is taxed as a transfer of a freehold estate.
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