2003 Regular Session

HOUSE BILL 19

File Code: Taxes - Recordation and Transfer Prior Year Introduction As: HB 557/02 - W&M Crossfiled with: SENATE BILL 120
Sponsored By:
Delegates Healey, Hixson, Bozman, Heller, Conroy, C. Davis, Bobo, Gordon, and Howard
Entitled:
Recordation and Transfer Taxes - Transfers of Controlling Interests

Synopsis:

Imposing recordation and transfer taxes on the transfer of controlling interest in a corporation, partnership, association, limited liability company, limited liability partnership, other unincorporated form of doing business, or a trust that owns interests in real property in Maryland that constitute 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.

History by Legislative Date

House Action
1/10
First Reading Ways and Means
2/5
Hearing 2/20 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Anne Healey, District 22
Delegate Elizabeth Bobo, District 12B
Delegate K. Bennett Bozman, District 38B
Delegate Mary A. Conroy, District 23A
Delegate Clarence Davis, District 45
Delegate Michael R. Gordon, District 17
Delegate Henry B. Heller, District 19
Delegate Sheila E. Hixson, District 20
Delegate Carolyn J. B. Howard, District 24
Bill indexed under the following Subjects:
ASSESSMENTS AND TAXATION, DEPARTMENT OF
ASSOCIATIONS -see also- COOPERATIVE ASSOCIATIONS
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
EXEMPTIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
INTEREST
LIMITED LIABILITY COMPANIES
PARTNERSHIPS
PENALTIES
REAL ESTATE INVESTMENT TRUSTS
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
( 12-110 , 12-116 , 13-103 , 13-209 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered