SB0202 (CH0452)

2013 Regular Session



Recordation and Transfer Taxes - Transfer of Property Between Related Entities - Exemption

Sponsored by:

Senator King


Approved by the Governor - Chapter 452

Synopsis:Exempting from the recordation tax and the State transfer tax the transfer of real property between a parent business entity and its wholly owned subsidiary or between subsidiaries wholly owned by the same parent business entity under specified circumstances; and applying the Act to instruments of writing recorded on or after July 1, 2013.
Analysis:Fiscal and Policy Note
All Sponsors:Senators King, Brinkley, Currie, Garagiola, Madaleno, Manno, Peters, Ramirez, Raskin, and Robey
Additional Facts:Cross-filed with: HB0372
Bill File Type: Regular
Effective Date(s): July 1, 2013
Budget and Taxation  Listen to Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Recordation and Transfer
Corporations and Associations
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Limited Liability Companies
Real Property
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Transfer Tax
Statutes:Article - Tax - Property
(12-108, 13-207)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:07 P.M.