1999 Regular Session

HOUSE BILL 274

CHAPTER NUMBER: 615 File Code: Recordation and Transfer
Sponsored By:
Delegates O'Donnell and Owings
Entitled:
Recordation and Transfer Taxes - Transfers Between Relatives

Synopsis:

Adding stepparent, stepson, stepdaughter, stepson-in-law, stepdaughter-in-law, and stepgrandchild to the list of transferees included in the exemption, under the recordation tax and State transfer tax, for the principal amount of debt assumed by the transferee when property is transferred subject to a mortgage deed of trust.

History by Legislative Date

House Action
2/3
First Reading Ways and Means
2/10
Hearing 2/24 at 11:00 a.m.
3/8
Favorable Report by Ways and Means
3/9
Favorable Report Adopted
Second Reading Passed
3/11
Third Reading Passed (135-1)
4/4
Return Passed
5/27
Signed by the Governor Chapter 615
Senate Action
3/12
First Reading Budget and Taxation
3/17
Hearing 3/26 at 2:00 p.m.
4/6
Favorable Report by Budget and Taxation
4/5
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (46-0)
Sponsored by:
Delegate Anthony J. O'Donnell, District 29C
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)

Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 11, 1999: Third Reading Passed (135-1)
Senate
April 6, 1999: Third Reading Passed (46-0)