2001 Regular Session

HOUSE BILL 1367

File Code: Taxes - Recordation and Transfer
Sponsored By:
Delegates Finifter and Minnick
Entitled:
Recordation Tax and State Transfer Tax - Memorandum of Lease

Synopsis:

Providing that a flat fee of $500 for recording costs is required to be paid before recording a memorandum of lease in the land or financing records in lieu of recording the lease; and providing exemptions under the recordation tax and the State transfer tax for a memorandum of lease recorded in lieu of recording a lease.

History by Legislative Date

House Action
2/22
First Reading House Rules and Executive Nominations
3/5
Re-referred Economic Matters
3/7
Hearing 3/14 at 1:00 p.m.
3/8
Hearing cancelled
Hearing 3/15 at 1:00 p.m.
3/20
Re-referred Ways and Means
3/19
Hearing 3/21 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Michael J. Finifter, District 11
Delegate Joseph J. Minnick, District 7
Bill indexed under the following Subjects:
EXEMPTIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
LAND RECORDS -see also- DEEDS
LEASES AND RENT
LOCAL GOVERNMENT MANDATES
RECORDATION
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TRANSFER TAX
Bill affects the following Statutes:
Real Property
( 3-101 , 3-601 )
Tax - Property
( 12-108 , 13-207 )

Documents:

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