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