Standing Committee of the National People's Congress, Decision of the Standing Committee of the National People's Congress on Authorizing the State… (2021)
“ The Standing Committee of the Thirteenth National People's Congress decides at its 31st meeting to authorize the State Council to pilot real estate tax reform in certain regions, to proactively and prudently facilitate the legislation on and reform of real estate tax, to encourage reasonable housing consumption and efficient and intensive use of land resources, and to promote steady and sound development of real estate markets. ”
