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2016 Regular Session



Recordation and Transfer Taxes - Exemptions - Property Conveyed From Sole Proprietorship to Limited Liability Company

Sponsored by:

Delegate Miller, A.


In the Senate - Hearing 3/29 at 1:00 p.m.

Synopsis:Exempting a transfer of real property from a sole proprietorship to a limited liability company from recordation and transfer taxes if the sole member of the limited liability company is identical to the converting sole proprietor and specified other conditions are met.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate A. Miller
Additional Facts:Bill File Type: Pre-Filed
Effective Date(s): July 1, 2016
Ways and Means  View Committee HearingBudget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Recordation and Transfer
Narrow Subject(s):Exemptions
Land Records -see also- Deeds
Limited Liability Companies
Real Property
Transfer Tax
Statutes:Article - Tax - Property
(12-108, 13-207)

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October 24, 2017 4:56 P.M.