Enacts the "middle-class homebuyer protection act" to increase the additional tax imposed on residential real property if the consideration for the conveyance from $1,000,000 to $4,500,000 where the residential structure contains five thousand square feet or more of livable interior space.

The 'Middle-Class Homebuyer Protection Act' proposes to raise the additional tax on residential properties sold for between $1,000,000 and $4,500,000 if they have 5,000 square feet or more of livable space. This means that buyers of larger, more expensive homes would pay a higher tax when they purchase these properties. The goal is to adjust tax rates based on the size and value of homes.

Supporters of the bill argue that it helps ensure that wealthier homebuyers contribute a fair share to the state's tax revenue, which can be used for public services that benefit all residents. They believe this measure can help address housing affordability issues by redistributing tax burdens more equitably.

Critics of the bill contend that increasing taxes on larger homes could discourage home purchases and negatively impact the real estate market. They argue that this could disproportionately affect middle-class families looking to buy larger homes, making it harder for them to invest in property.