CHAPTER NUMBER: 683
File Code: Corporations and Associations
- Sponsored By:
-
Delegates Genn and Hurson
- Entitled:
-
Limited Liability Companies - Tax Exemption for Transfers of Real
Property From a Predecessor Entity to a Limited Liability Company
Clarifying that an instrument of writing that transfers title to real
property from a predecessor entity, which includes a general
partnership, a limited partnership, a limited liability partnership, a
limited liability limited partnership, and a joint venture, to a
limited liability company is not subject to recordation tax or State
or county transfer tax under specified circumstances; etc.
House Action
- 1/30
- First Reading Ways and Means
- 2/12
- Hearing 2/27 at 1:00 p.m.
- 3/20
- Favorable with Amendments Report by Ways and Means
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/21
- Third Reading Passed (137-0)
- 3/30
- Returned Passed
- 5/22
- Signed by the Governor Chapter 683
Senate Action
- 3/24
- First Reading Budget and Taxation
- 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 Gilbert J. Genn, District 16
- Delegate John Adams Hurson, District 18
- Bill indexed under the following Subjects:
- COMMERCE AND BUSINESS -see also- SMALL BUSINESS
- EXEMPTIONS
- LIABILITY -see also- GOOD SAMARITAN
- PARTNERSHIPS
- REAL PROPERTY
- 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 ,
13-405
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
- House
- Number: 685631/1 (PDF) Offered on: MARCH 20, 1997 at: 16:34
Status: Adopted