Sec. 29.  TRANSFER TAX ON TRANSACTION CONVEYING FEE SIMPLE TITLE TO REAL PROPERTY PROHIBITED.  (a)  After January 1, 2016, no law may be enacted that imposes a transfer tax on a transaction that conveys fee simple title to real property.
(b)  This section does not prohibit:
(1)  the imposition of a general business tax measured by business activity;
(2)  the imposition of a tax on the production of minerals;
(3)  the imposition of a tax on the issuance of title insurance; or
(4)  the change of a rate of a tax in existence on January 1, 2016.
(Added Nov. 3, 2015.)