2001 Regular Session

HOUSE BILL 297

File Code: Taxes - Recordation and Transfer Crossfiled with: SENATE BILL 18
Sponsored By:
Delegate Finifter
Entitled:
Recordation and Transfer Tax - Transfer from Real Estate Enterprise to Limited Liability Company

Synopsis:

Altering exemptions from the recordation tax for instruments of writing that transfer title of real property from real estate enterprises to limited liability companies under specified circumstances; defining "real estate enterprise"; adding an exemption to the recordation tax and State transfer tax for the specified instruments of writing; etc.

History by Legislative Date

House Action
1/26
First Reading Ways and Means
2/7
Hearing 2/21 at 3:00 p.m.
3/12
Favorable with Amendments Report by Ways and Means
3/13
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/15
Third Reading Passed (136-0)
Senate Action
3/16
First Reading Budget and Taxation
4/5
Favorable with Amendments Report by Budget and Taxation
4/2
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/3
Third Reading Passed with Amendments (45-0)
Bill indexed under the following Subjects:
EXEMPTIONS
LIMITED LIABILITY COMPANIES
REAL ESTATE -see also- AGENTS AND BROKERS
REAL PROPERTY
RECORDATION
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TITLES
TRANSFER TAX
Bill affects the following Statutes:
Tax - Property
( 12-108 , 12-108 , 13-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 565862/1 (PDF)     Offered on: March 13, 2001   at: 11:43 a.m.     Status: Adopted
Senate
Number: 109134/1 (PDF)     Offered on: April 5, 2001   at: 7:06 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 15, 2001: Third Reading Passed (136-0)
Senate
April 3, 2001: Third Reading Passed (45-0)