File Code: Taxes - Recordation and Transfer
- Sponsored By:
-
Senators Frosh, Currie, Hogan, Neall, Ruben, and Van Hollen
- Entitled:
-
Recordation and Transfer Taxes - Transfers of Controlling Interests
Imposing recordation and transfer taxes on the transfer of controlling
interest in a corporation, partnership, association, limited liability
company, other unincorporated form of doing business, or trust that
owns interest in real property in Maryland that constitutes at least
80% of the value of its assets and has an aggregate value of at least
$500,000; establishing the rate of taxation and the method of
calculation of tax liability; exempting specified transfers; etc.
Senate Action
- 1/25
- First Reading Budget and Taxation
- Hearing 2/13 at 1:30 p.m.
- 4/8
- Unfavorable Report by Budget and Taxation
House Action
- No Action
- Sponsored by:
- Senator Brian E. Frosh, District 16
- Senator Ulysses Currie, District 25
- Senator Patrick J. Hogan, District 39
- Senator Robert R. Neall, District 33
- Senator Ida G. Ruben, District 20
- Senator Christopher Van Hollen, Jr., District 18
- Bill indexed under the following Subjects:
- ASSESSMENTS AND TAXATION, DEPARTMENT OF
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- EXEMPTIONS
- FEES -see also- DEVELOPMENT FEES AND TAXES
- INTEREST
- LIMITED LIABILITY COMPANIES
- PARTNERSHIPS
- PENALTIES
- REAL PROPERTY
- RECORDATION
- REPORTS
- REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
- RULES AND REGULATIONS
- TRANSFER TAX
- Bill affects the following Statutes:
- Tax - Property
- (
12-116 ,
13-103
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered