1999 Regular Session

SENATE BILL 675

File Code: Recordation and Transfer Prior Year Introduction As: HB 878/98 - W&M
Sponsored By:
Senator Currie
Entitled:
Limited Liability Companies - Tax Exemption for Transfers of Real Property to a Limited Liability Company and Conversions to a Limited Liability Company

Synopsis:

Allowing a foreign general partnership or a foreign limited partnership to convert to a Maryland limited liability company; altering the exemption from recordation and State and county transfer taxes, for an instrument in writing that transfers title to real property to a limited liability company, to include transfers from a foreign general partnership, foreign limited partnership, foreign limited liability partnership, foreign limited liability limited partnership, foreign proprietorship, or foreign joint venture; etc.

History by Legislative Date

Senate Action
2/15
First Reading Senate Rules
2/19
Re-referred Budget and Taxation
2/23
Hearing 3/3 at 1:30 p.m.
3/2
Hearing cancelled
Hearing 3/3 at 4:00 p.m.
3/29
Withdrawn
House Action
No Action
Bill indexed under the following Subjects:
EXEMPTIONS
LIMITED LIABILITY COMPANIES
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:
Corporations and Associations
( 4A-101 , 4A-211 )
Tax - Property
( 12-108 , 13-207 , 13-405 )

Documents:

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

Amendments: None offered