2002 Regular Session

HOUSE BILL 843

File Code: Taxes - Recordation and Transfer
Sponsored By:
Delegates Patterson, Bozman, and C. Davis
Entitled:
Recordation Tax and State Transfer Tax - Memorandum of Lease

Synopsis:

Providing that a flat fee of $1,000 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
2/7
First Reading Ways and Means
2/20
Hearing 3/11 at 2:00 p.m.
2/27
Hearing cancelled
Hearing 3/5 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Obie Patterson, District 26
Delegate K. Bennett Bozman, District 38
Delegate Clarence Davis, District 45
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
REAL PROPERTY
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