SENATE BILL 168

File Code: Taxes - Recordation and Transfer Crossfiled with: HOUSE BILL 239

Sponsored By:

Senator Jacobs

Entitled:

Recordation and Transfer Taxes - Exemptions - Limited Liability Companies

Synopsis:

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

History by Legislative Date

Senate Action

1/21

First Reading Budget and Taxation

1/26

Hearing 2/9 at 1:30 p.m.

3/20

Unfavorable Report by Budget and Taxation

House Action

No Action

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