2002 Regular Session

HOUSE BILL 546

File Code: Taxes - Recordation and Transfer Prior Year Introduction As: HB 353/01 - W&M
Sponsored By:
Delegate Minnick
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 parent limited liability company to a subsidiary limited liability company under specified circumstances.

History by Legislative Date

House Action
2/1
First Reading Ways and Means
2/6
Hearing 2/20 at 3:00 p.m.
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