HB 1415 - DIGEST

     Requires that, at the time of closing of a sale of a residence to a low-income household first-time home buyer, the seller shall credit to the buyer ninety-two and three-tenths percent of the amount of tax that otherwise would be due under this chapter if the buyer has provided the seller with a signed affidavit and supporting documentation as to the buyer's status as a low-income household first-time home buyer.  The seller shall pay the remainder of the tax to the county treasurer as provided in this act.