2006 Regular Session

HOUSE BILL 1294

File Code: Taxes - Recordation and Transfer Prior Year Introduction As: HB 1/05 - W&M & APP
Sponsored By:
Delegates Healey, Barkley, Bozman, Bronrott, Burns, Busch, G. Clagett, V. Clagett, Conroy, C. Davis, Doory, Frush, Gaines, Goodwin, Gordon, Griffith, Haynes, Heller, Hixson, Howard, Hubbard, James, Kaiser, King, Lee, Love, Madaleno, Mandel, Marriott, Menes, Montgomery, Niemann, Patterson, Pendergrass, Petzold, Quinter, Ross, and F. Turner
Entitled:
Public School Construction Assistance Act of 2006

Synopsis:

Imposing recordation and transfer taxes on the transfer of controlling interest in an entity that owns interests in real property in Maryland that constitute at least 80% of the value of the entity's assets and have an aggregate value of at least $1,000,000; requiring specified local recordation tax revenues and specified State transfer tax revenues for fiscal 2006 through 2009 to be dedicated to public school construction and renovation; etc.

History by Legislative Date

House Action
2/10
First Reading Ways and Means & Appropriations
2/22
Hearing 3/7 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Anne Healey, District 22
Delegate Charles Barkley, District 39
Delegate K. Bennett Bozman, District 38B
Delegate William A. Bronrott, District 16
Delegate Emmett C. Burns, Jr., District 10
Delegate Michael E. Busch, District 30
Delegate Virginia P. Clagett, District 30
Delegate Galen R. Clagett, District 3A
Delegate Mary A. Conroy, District 23A
Delegate Clarence Davis, District 45
Delegate Ann Marie Doory, District 43
Delegate Barbara Frush, District 21
Delegate Tawanna P. Gaines, District 22
Delegate Marshall T. Goodwin, District 40
Delegate Michael R. Gordon, District 17
Delegate Melony G. Griffith, District 25
Delegate Keith E. Haynes, District 44
Delegate Henry B. Heller, District 19
Delegate Sheila E. Hixson, District 20
Delegate Carolyn J. B. Howard, District 24
Delegate James W. Hubbard, District 23A
Delegate Mary-Dulany James, District 34A
Delegate Anne R. Kaiser, District 14
Delegate Nancy J. King, District 39
Delegate Susan C. Lee, District 16
Delegate Mary Ann E. Love, District 32
Delegate Richard S. Madaleno, Jr., District 18
Delegate Adrienne A. Mandel, District 19
Delegate Salima Siler Marriott, District 40
Delegate Pauline H. Menes, District 21
Delegate Karen S. Montgomery, District 14
Delegate Doyle L. Niemann, District 47
Delegate Obie Patterson, District 26
Delegate Shane E. Pendergrass, District 13
Delegate Carol S. Petzold, District 19
Delegate Neil F. Quinter, District 13
Delegate Justin D. Ross, District 22
Delegate Frank S. Turner, District 13

Bill indexed under the following Subjects:

ASSESSMENTS AND TAXATION, DEPARTMENT OF
ASSOCIATIONS -see also- COOPERATIVE ASSOCIATIONS
CONSTRUCTION
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
EXEMPTIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
INTEREST
LIMITED LIABILITY COMPANIES
LOCAL GOVERNMENT MANDATES
MERGERS AND ACQUISITIONS
PARTNERSHIPS
PENALTIES
PUBLIC SCHOOLS
REAL ESTATE INVESTMENT TRUSTS
REAL PROPERTY
RECORDATION
REPORTS
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
RULES AND REGULATIONS
STATE AID
TRANSFER TAX

Bill affects the following Statutes:

Tax - Property
( 12-110 , 12-110 , 12-116 , 13-103 , 13-209 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered