SENATE BILL 381

Sponsored By:

Senator Boozer

Entitled:

Recordation and Transfer Taxes - Exemptions for Partnerships, Limited Liability Companies, and Corporations

Synopsis:

Providing for an exemption from the recordation tax and the State and county transfer taxes for specified transfers of title to real property to or from a partnership, limited liability company, or corporation under specified circumstances.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

3/4

Hearing 3/17 at 1:30 p.m.

4/1

Referred to interim study by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.

CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS

EXEMPTIONS

LIABILITY -see also- GOOD SAMARITAN

PARTNERSHIPS

REAL PROPERTY

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 , 13-207 , 13-405 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered