HOUSE BILL 925

File Code: Recordation and Transfer

Sponsored By:

Delegate Minnick

Entitled:

State Transfer Tax - Exemption

Synopsis:

Exempting the first $30,000 of the consideration paid for transfers of residentially improved owner-occupied real property located in the Metropolitan District from the State transfer tax; requiring that the exemption be applied against the State transfer tax payment by the grantee for a purchase of real property; and providing or an exception where the grantor has agreed to pay the entire State transfer tax.

History by Legislative Date

House Action

2/12

First Reading Ways and Means

2/17

Hearing 3/11 at 1:00 p.m.

3/22

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

BALTIMORE COUNTY

EXEMPTIONS

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

TRANSFER TAX -see also- RECORDATION

Bill affects the following Statute:

Tax - Property

( 13-203 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered