2001 Regular Session

HOUSE BILL 353

File Code: Taxes - Recordation and Transfer
Sponsored By:
Delegate Finifter
Entitled:
Recordation Tax and State and County Transfer Taxes - Exemption for Transfer to Subsidiary Limited Liability Company

Synopsis:

Providing an exemption from recordation tax and State and county transfer taxes for an instrument of writing that transfers real property from a parent partnership or limited liability company to a subsidiary limited liability company under specified circumstances.

History by Legislative Date

House Action
1/30
First Reading Ways and Means
2/14
Hearing 3/1 at 1:00 p.m.
3/12
Unfavorable Report by Ways and Means
Senate Action
No Action
Bill indexed under the following Subjects:
EXEMPTIONS
LIMITED LIABILITY COMPANIES
LOCAL GOVERNMENT MANDATES
PARTNERSHIPS
REAL PROPERTY
RECORDATION
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TRANSFER TAX
Bill affects the following Statutes:
Tax - Property
( 12-108 , 13-207 , 13-207 , 13-405 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered