HOUSE BILL 122

Sponsored By:

Delegates Gordon and Owings

Entitled:

Recordation and Transfer Taxes - Exemption for Transfers to Grandchild

Synopsis:

Exempting from the recordation tax and the State transfer tax the principal amount of debt assumed by a grandchild of the transferor in connection with a transfer of property to the grandchild.

Legislative History

House Action

1/9

First Reading Ways and Means

1/22

Hearing 1/29 at 2:00 p.m.

2/12

Hearing cancelled

Hearing 2/27 at 1:00 p.m.

3/10

Favorable Report by Ways and Means

3/11

Favorable Report Adopted

Second Reading Passed

3/13

Third Reading Passed (139-0)

3/30

Returned Passed

5/8

Signed by the Governor Chapter 400

Senate Action

3/14

First Reading Budget and Taxation

3/17

Hearing 3/19 at 1:00 p.m.

3/31

Favorable Report by Budget and Taxation

4/1

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (47-0)

Sponsored by:

Delegate Michael R. Gordon, District 17

Delegate George W. Owings, III, District 27B

Bill indexed under the following Subjects:

EXEMPTIONS

RECORDATION -see also- TRANSFER TAX

REVENUE AND TAXES -see also specific taxes -

TRANSFER TAX -see also- RECORDATION

Bill affects the following Statutes:

Tax - Property

( 12-108 , 13-207 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)