SB0999 (CH0594)

Find a 2018 Bill:

2018 Regular Session



Recordation Tax - Exemptions

Sponsored by:

Senator Peters


Approved by the Governor - Chapter 594

Synopsis:Altering an exemption from recordation tax to include certain transactions of an original mortgagor; altering the definitions of "business entity", "owner", and "ownership interest" for purposes of provisions of law exempting from the recordation tax transfers between certain related business entities; and altering an exemption from recordation tax for certain transfers of a controlling interest.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Peters and DeGrange
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Recordation and Transfer
Narrow Subject(s):Business Trusts
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - Tax - Property
(12-108, 12-117)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

May 18, 2018 3:56 P.M.