2001 Regular Session

SENATE BILL 18

CHAPTER NUMBER: 573 File Code: Taxes - Recordation and Transfer Crossfiled with: HOUSE BILL 297
Sponsored By:
Senator Haines
Entitled:
Recordation and Transfer Tax - Transfer from Real Estate Enterprise to Limited Liability Company

Synopsis:

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

History by Legislative Date

Senate Action
10/27
Pre-filed
1/10
First Reading Budget and Taxation
1/9
Hearing 1/18 at 1:00 p.m.
2/13
Favorable with Amendments Report by Budget and Taxation
2/15
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/19
Third Reading Passed (46-0)
4/5
Senate Concur - House Amendments
Third Reading Passed (47-0)
Passed Enrolled
5/18
Signed by the Governor Chapter 573
House Action
2/20
First Reading Ways and Means
3/14
Hearing 3/28 at 1:00 p.m.
4/6
Favorable with Amendments Report by Ways and Means
4/1
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/2
Third Reading Passed with Amendments (136-0)
Bill indexed under the following Subjects:
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
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 , 13-405 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 499638/1 (PDF)     Offered on: February 15, 2001   at: 10:37 a.m.     Status: Adopted
House
Number: 805160/1 (PDF)     Offered on: April 6, 2001   at: 11:48 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
February 19, 2001: Third Reading Passed (46-0)
April 5, 2001: Third Reading Passed (47-0)
House
April 2, 2001: Third Reading Passed (136-0)