CHAPTER NUMBER: 690
File Code: Taxes - Miscellaneous
- Sponsored By:
-
Delegates Finifter, Frank, Morhaim, Mohorovic, Rzepkowski, McKee,
Rosapepe, Ports, Workman, Klausmeier, and Bonsack
- Entitled:
-
Recordation and Transfer Taxes - Transfers from Partnerships to
Limited Liability Companies
Exempting from the recordation tax and the State and county transfer
taxes instruments of writing that transfer title to real property from
a partnership to a limited liability company if the members of the
limited liability company are identical to the partners of the
converting partnership and each member's allocation of profits and
losses in the limited liability company is identical to that member's
allocation in the partnership.
House Action
- 2/2
- First Reading Ways and Means
- 2/21
- Hearing 3/12 at 1:00 p.m.
- 3/19
- Favorable with Amendments Report by Ways and Means
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/20
- Third Reading Passed (135-0)
- 4/1
- Returned Passed
- 5/23
- Signed by the Governor Chapter 690
Senate Action
- 3/20
- First Reading Budget and Taxation
- 3/22
- Hearing 3/27 at 1:30 p.m.
- 4/3
- Favorable Report by Budget and Taxation
- 4/2
- Favorable Report Adopted
- Second Reading Passed
- 4/3
- Third Reading Passed (46-0)
- Sponsored by:
- Delegate Michael J. Finifter, District 11
- Delegate Rose Mary Hatem Bonsack, District 34
- Delegate Robert L. Frank, District 11
- Delegate Katherine Klausmeier, District 8
- Delegate Robert A. McKee, District 2A
- Delegate Jacob J. Mohorovic, Jr., District 7
- Delegate Dan K. Morhaim, District 11
- Delegate James F. Ports, Jr., District 8
- Delegate James C. Rosapepe, District 21
- Delegate James E. Rzepkowski, District 32
- Delegate Betty Workman, District 1B
- Bill indexed under the following Subjects:
- COMMERCE AND BUSINESS -see also- SMALL BUSINESS
- EXEMPTIONS
- LIABILITY -see also- GOOD SAMARITAN
- PARTNERSHIPS
- RECORDATION -see also- TRANSFER TAX
- REVENUE AND TAXES - GENERAL
- TRANSFER TAX -see also- RECORDATION
- Bill affects the following Statutes:
- Tax - Property
- (
12-108 ,
13-207 ,
13-405
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
- House
- Number: 295228/1 (PDF) Offered on: MARCH 19, 1996 at: 10:49
Status: Adopted