Conn. Gen. Stat. § 12-504 - Sec. 12-504. Effect of Federal Transfer Tax.

Section 12-504 - Sec. 12-504. Effect of Federal Transfer Tax.Section 12-504 - Sec. 12-504. Effect of Federal Transfer Tax.

Section 12-503 - Sec. 12-503. Recording Without Payment of Tax as Constructive Notice.Section 12-504a - Sec. 12-504a. Conveyance Tax on Sale or Transfer of Land Classified as Farm, Forest, Open Space or Maritime Heritage Land.

If the federal government imposes a federal documentary stamp tax on real estate transfers at the same rate as, or a higher rate than, that imposed by this chapter, this chapter shall cease to have any force and effect; but if such federal tax is imposed at a rate less than that imposed by this chapter, this chapter shall continue in effect but the tax imposed by this chapter shall be reduced by the amount of such federal tax.

(1967, P.A. 693, S. 11.)

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