HB1178 (CH0301)

Find a 2015 Bill:

2015 Regular Session



Recordation and Transfer Taxes - Exemption - Purchase Money Mortgage or Purchase Money Deed of Trust

Sponsored by:

Delegate Lafferty


Approved by the Governor - Chapter 301

Synopsis:Exempting from the recordation tax and State transfer tax a purchase money mortgage or purchase money deed of trust related to a transfer from a certified community development financial institution under specified circumstances; providing for the retroactive application of the Act; and making the Act an emergency measure.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegate Lafferty
Additional Facts:Bill is an Emergency Bill
Bill File Type: Regular
Effective Date(s): Upon Enactment
Environment and Transportation  View Committee HearingBudget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Recordation and Transfer
Narrow Subject(s):Community Development
Emergency Bills
Financial Institutions -see also- Banks; Credit Unions; etc.
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Transfer Tax
Statutes:Article - Tax - Property
(12-108, 13-207)

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Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 4:46 P.M.