HOUSE BILL 239

File Code: Taxes - Recordation and Transfer Crossfiled with: SENATE BILL 168

Sponsored By:

Delegates Glassman, Boutin, and James

Entitled:

Recordation and Transfer Taxes - Exemptions - Limited Liability Companies

Synopsis:

Altering the exemption from recordation and transfer taxes for an instrument of writing that transfers title to real property to a limited liability company to include transfers to multiple limited liability companies.

History by Legislative Date

House Action

1/26

First Reading Ways and Means

2/2

Hearing 2/9 at 11:00 a.m.

Senate Action

No Action

Sponsored by:

Delegate Barry Glassman, District 35A

Delegate Charles R. Boutin, District 34

Delegate Mary-Dulany James, District 34

Bill indexed under the following Subjects:

EXEMPTIONS

LIMITED LIABILITY COMPANIES

RECORDATION

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

TRANSFER TAX

Bill affects the following Statutes:

Tax - Property

( 12-108 , 13-207 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered