HOUSE BILL 521

Sponsored By:

Delegates Carter, Vallario, Anderson, Gutierrez, and Rosenberg

Entitled:

Estates and Trusts - Transfers - Recordation and Transfer Taxes

Synopsis:

Altering a prohibition on the imposition of taxes on property transfers by a personal representative without consideration or the recordation of instruments effecting those transfers; prohibiting the imposition of specified taxes on specified transfers of real property to or from specified trusts or the recordation of instruments effecting those transfers; providing exemptions under the recordation tax and State transfer tax relating to specified transfers from an estate and specified transfers to or from specified trusts; etc.

History by Legislative and Calendar Date

House Action

2/7

First Reading Ways and Means

2/16

Hearing 3/10 at 1:00 p.m.

3/8

Hearing cancelled

Hearing 3/17 at 1:00 p.m.

4/9

Favorable Report by Ways and Means

4/5

Favorable Report Adopted

Second Reading Passed

4/7

Third Reading Passed (139-0)

Senate Action

4/6

First Reading Senate Rules

4/11

Re-referred Judicial Proceedings

4/7

Re-assigned Budget and Taxation

Sponsored by:

Delegate Jill P. Carter, District 41

Delegate Curt Anderson, District 43

Delegate Ana Sol Gutierrez, District 18

Delegate Samuel I. Rosenberg, District 41

Delegate Joseph F. Vallario, Jr., District 27A

Bill indexed under the following Subjects:

Estates and Trusts

Excise Tax

Exemptions

Personal Representatives

Real Property

Recordation

Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.

Transfer Tax

Bill affects the following Statutes:

Estates and Trusts

( 9-105 , 12-108 , 12-108 , 13-207 , 13-207 , 13-207 , 13-207 , 14-114 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Ways and Means

Roll Call Vote (Legislative date is shown):

House

April 7, 2011: Third Reading Passed (139-0)