CT Home Buyers' Conveyance Tax - Defeated now, but will it resurface??A proposed tax on home buyers in Connecticut garnered outrage from the real estate community. The purpose of the conveyance tax would be to give municipalities the option of taxing property buyers up to 1 percent of the price of real estate over $150,000, according to the New Haven Register. The proposed tax was debated and thankfully defeated by state lawmakers, but many are reminding all CT residents to be vigilant as the tax is expected to be introduced again in the next session.Currently, only sellers pay a conveyance tax and the proposed increase for home sellers was just passed and goes into effect on 1st July 2011. State Sen. Edward Meyer worked diligently to introduce the bill to raise money for environmental issues and was quoted in the New Haven Register as saying: ""This bill, in a sense, is property tax relief. It gives the towns an additional source of revenue for responsibilities they have to do: deal with contaminated land, brownfield remediation, storm water controls. It also deals with energy conservation in our towns, acquisition of open space."The Connecticut Association of Realtors has worked against this measure and warns of its negative impact on the housing market, and how this tax will put the price of a new home out of reach for first-time buyers.June 10 2011 - Madison00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.