Section 13-408 - Exemption from county transfer tax.
§ 13-408. Exemption from county transfer tax.
Any county having a county transfer tax may provide for an exemption from the tax of a specified amount of the consideration payable on the conveyance of owner-occupied residential property if the buyer intends to use the property as the buyer's principal residence by actually occupying the residence for at least 7 months of a 12-month period.
[1986, ch. 800; 1992, ch. 530.]