1997 Regular Session

HOUSE BILL 122

CHAPTER NUMBER: 400 File Code: Recordation and Transfer Prior Year Introduction As: HB 77/95 - W&M
Sponsored By:
Delegates Gordon and Owings
Entitled:
Recordation and Transfer Taxes - Exemption for Transfers to Grandchild

Synopsis:

Exempting from the recordation tax and the State transfer tax the principal amount of debt assumed by a grandchild of the transferor in connection with a transfer of property to the grandchild.

Legislative History

House Action
1/9
First Reading Ways and Means
1/22
Hearing 1/29 at 2:00 p.m.
2/12
Hearing cancelled
Hearing 2/27 at 1:00 p.m.
3/10
Favorable Report by Ways and Means
3/11
Favorable Report Adopted
Second Reading Passed
3/13
Third Reading Passed (139-0)
3/30
Returned Passed
5/8
Signed by the Governor Chapter 400
Senate Action
3/14
First Reading Budget and Taxation
3/17
Hearing 3/19 at 1:00 p.m.
3/31
Favorable Report by Budget and Taxation
4/1
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (47-0)
Sponsored by:
Delegate Michael R. Gordon, District 17
Delegate George W. Owings, III, District 27B
Bill indexed under the following Subjects:
EXEMPTIONS
RECORDATION -see also- TRANSFER TAX
REVENUE AND TAXES -see also specific taxes -
TRANSFER TAX -see also- RECORDATION
Bill affects the following Statutes:
Tax - Property
( 12-108 , 13-207 )

Documents:

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