File Code: Recordation and Transfer
Crossfiled with: HOUSE BILL 1118
- Sponsored By:
-
Senator Boozer
- 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 or a trustee or nominee of a
predecessor entity to a limited liability company is not subject to
recordation and State or county transfer tax under specified
circumstances; and defining "predecessor entity".
Senate Action
- 2/7
- First Reading Senate Rules
- 2/14
- Re-referred Budget and Taxation
- 2/19
- Hearing 3/5 at 1:30 p.m.
- 2/21
- Hearing cancelled
- Hearing 3/5 at 1:00 p.m.
- 3/24
- Favorable with Amendments Report by Budget and Taxation
- 3/25
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/26
- Third Reading Passed (45-0)
House Action
- 3/24
- First Reading Ways and Means
- 3/28
- Hearing 4/1 at 1:00 p.m.
- 4/5
- Favorable with Amendments Report by Ways and Means
- 3/31
- Favorable with Amendments Report Adopted
- Special Order 4/7 (Delegate Gordon) Adopted
- 4/3
- Second Reading Passed with Amendments
- 4/4
- Special Order next session (Delegate W. Baker) Adopted
- 4/5
- Special Order next session (Delegate O'Donnell) Adopted
- Special Order later today (Delegate McClenahan) Adopted
- 4/6
- Special Order later today (Delegate Owings) Adopted
- Bill indexed under the following Subjects:
- COMMERCE AND BUSINESS -see also- SMALL BUSINESS
- CORPORATIONS -see also- MERGERS
- 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:
- Senate
- Number: 869808/1 (PDF) Offered on: MARCH 25, 1997 at: 11:54
Status: Adopted
- House
- Number: 405131/1 (PDF) Offered on: APRIL 5, 1997 at: 11:52
Status: Adopted