1996 Regular Session

SENATE BILL 663

File Code: Taxes - Miscellaneous Crossfiled with: HOUSE BILL 1082
Sponsored By:
Senator Ruben
Entitled:
Recordation and Transfer Taxes - Estate Planning Exemption

Synopsis:

Exempting from the recordation tax and State and county transfer taxes instruments of writing transferring property for estate planning purposes if the only consideration is an interest in the transferee; imposing the recordation tax and State and county transfer taxes on the transfer of an interest in estate planning entities; requiring the filing of a report of transfers of interest in estate planning entities; requiring the payment of a filing fee with certain reports; etc.

Legislative History

Senate Action
2/2
First Reading Budget and Taxation
2/21
Hearing 3/8 at 12:00 p.m.
2/26
Hearing cancelled
Hearing 3/6 at 5:00 p.m.
3/20
Referred to interim study by Budget and Taxation
House Action
No Action
Bill indexed under the following Subjects:
ASSESSMENTS AND TAXATION, DEPARTMENT OF
CIVIL ACTIONS -see also- SMALL CLAIMS
ESTATES AND TRUSTS -see also- FIDUCIARIES
EXEMPTIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
RECORDATION -see also- TRANSFER TAX
REPORTS -see also- RECORDS
REVENUE AND TAXES - GENERAL
TRANSFER TAX -see also- RECORDATION
Bill affects the following Statutes:
Tax - Property
( 11-103 , 12-102.1 , 12-108 , 13-202.1 , 13-207 , 13-410 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available