Monday, February 5, 2007

DeSaulnier Wants a New Tax

By Chris Thompson
Mon, Feb 5, 2007 at 3:27 PM

Freshman state Assemblyman Mark DeSaulnier has proposed a new tax on real estate sales - roughtly $15 per home - to beef up a state fund for affordable housing construction. According to KCBS, the bill would impose a $1 tax for each page filed with the County Recorder's office indicating transfer of ownership of a parcel of land. The new housing would have to be withing all urban limit lines and have a density of at least fourteen units per acre.

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