LBO flags county-level data gaps for mortgage registry and deed-transfer exemptions; recommends form-based tracking
LBO staff told the commission they could not isolate exemption-level utilization because mortgage registry and deed-transfer exemptions are tracked at the county level and counties use varied processes. LBO proposed requiring electronic submission of the MRT1 and DT1 forms to enable exemption-level reporting for future evaluations.
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Annie Lemieux of the Legislative Budget Office told the Tax Expenditure Review Commission that both mortgage registry tax (MRT) and deed transfer tax exemptions are administered and recorded at the county level, and statewide exemption-level tracking is limited or unavailable. Because counties use differing systems and often rely on statements recorded on the mortgage or deed rather than a standardized form, LBO could not empirically determine utilization or dollar values for the evaluated exemptions.
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