2002 Regular Session

SENATE BILL 781

File Code: Taxes - Recordation and Transfer
Sponsored By:
Senator Astle
Entitled:
Recordation Tax - Refinancing Instrument - Trusts

Synopsis:

Including within the definition of "original mortgagor" for purposes of an exemption under the recordation tax for refinancing instruments the trustee of an inter vivos trust if the real property is used as a principal residence of the settlor of the trust and the trustee or the settlor of the trust originally assumed or incurred the debt secured by the real property that is being refinanced; etc.

History by Legislative Date

Senate Action
2/7
First Reading Senate Rules
2/14
Re-referred Judicial Proceedings
Hearing 3/7 at 1:00 p.m.
3/18
Favorable with Amendments Report by Judicial Proceedings
3/19
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (44-0)
House Action
3/21
First Reading Judiciary
3/23
Re-assigned Ways and Means
3/25
Hearing 4/2 at 1:00 p.m.
Bill indexed under the following Subjects:
ESTATES AND TRUSTS
EXEMPTIONS
LOCAL GOVERNMENT MANDATES
MORTGAGES
RECORDATION
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
Bill affects the following Statute:
Tax - Property
( 12-108 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 118878/1 (PDF)     Offered on: March 19, 2002   at: 10:41 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
March 21, 2002: Third Reading Passed (44-0)