Out-of-state real estate investors and homebuyers would pay a special tax under a state senator’s plan designed to tackle sky-high rents pricing tenants out of Orange County.
Sen. Randolph Bracy, who is running for U.S. Congress, unveiled a proposal Tuesday he intends to submit at the next Orange County Commission meeting on Aug. 9.
“I would like to institute special taxes on these companies and individuals in order to discourage their buying, selling and renting of properties,” Bracy said. “I believe we should be keeping it in the community, and let’s keep it affordable.”
