DIGEST OF INTRODUCED BILL
Installment contracts and property tax deductions. Consolidates duplicated provisions setting conditions for granting of deductions for property being sold under an installment contract into a single section. Provides that property subject to an installment contract does not qualify for a property tax deduction unless the installment contract is an enforceable contract. Requires that contracts for the sale of real property that are entered into after May 31, 2013, must specify the total contract price for the sale of the property.