SENATE BILL 360

File Code: Taxes - Recordation and Transfer Crossfiled with: HOUSE BILL 1187

Sponsored By:

Senator Haines

Entitled:

Recordation and Transfer Tax - Transfer from Predecessor Tenancy by the Entireties to Limited Liability Company

Synopsis:

Including tenancies by the entireties within the definition of predecessor entities eligible for a recordation tax exemption and State transfer tax exemption for an instrument of writing that transfers property from a predecessor entity to a limited liability company.

History by Legislative Date

Senate Action

2/2

First Reading Budget and Taxation

Hearing 2/16 at 1:30 p.m.

3/20

Unfavorable Report by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

EXEMPTIONS

LIMITED LIABILITY COMPANIES

REAL PROPERTY

RECORDATION

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