File Code: Taxes - Recordation and Transfer
Prior Year Introduction As: HB 557/02 - W&M
Crossfiled with: HOUSE BILL 19
- Sponsored By:
-
Senators Miller, Frosh, Middleton, Hollinger, and Currie
- 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, 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.
Senate Action
- 1/23
- First Reading Budget and Taxation
- 1/24
- Hearing 2/5 at 1:30 p.m.
House Action
- No Action
- Sponsored by:
- Senator Thomas V. Mike Miller, Jr., District 27
- Senator Ulysses Currie, District 25
- Senator Brian E. Frosh, District 16
- Senator Paula C. Hollinger, District 11
- Senator Thomas M. Middleton, District 28
- 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
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered