United States:
The Marketing Arm And The Contracting Arm Structure – Works At The State Level But Not At The City Level Because Of The City Speculative Builder Tax
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Originally published May 16, 2001
1. Overview of The City Speculative Builder Tax.
The speculative builder tax is imposed on the sale of "improved real property" if the improved real property is sold prior to completion or before the expiration of 24 months after the improvements are substantially complete. If custom, model or inventory homes or improved residential or commercial lots without a structure are involved, then the tax is imposed when sold, without any time limitation. See Model City Tax Code Section –416 and definition of "Speculative Builder" contained in Model City Tax Code Section –100.
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