HB0372 (CH0453)

2013 Regular Session



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

Sponsored by:

Delegate Barve


Approved by the Governor - Chapter 453

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; applying the Act to instruments of writing recorded on or after July 1, 2013; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Barve, Branch, Cardin, Dwyer, Feldman, Fisher, Frick, George, Gilchrist, Hixson, Holmes, Ivey, Kaiser, Luedtke, A. Miller, Mitchell, Rosenberg, Serafini, Simmons, F. Turner, Walker, and A. Washington
Additional Facts:Cross-filed with: SB0202
Bill File Type: Regular
Effective Date(s): July 1, 2013
Ways and Means  View Committee HearingBudget and Taxation  Listen to 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 1:01 P.M.