File Code: Taxes - Recordation and Transfer
- Sponsored By:
-
Delegates Kaiser, Goodwin, Gordon, and Ross
- Entitled:
-
Recordation Tax - Indemnity Mortgages
Providing that, for purposes of the recordation tax, secured debt with
respect to an indemnity mortgage, deeds of trusts, or other security
interest in real property securing a guarantee of repayment of a loan
for which the guarantor is not primarily liable is deemed to be
incurred as debt is incurred on the guaranteed loan and the
recordation tax applies as if the guarantor were primarily liable for
the guaranteed loan; etc.
House Action
- 3/1
- First Reading House Rules and Executive Nominations
- 3/8
- Re-referred Ways and Means
- 3/12
- Hearing 3/22 at 1:00 p.m.
Senate Action
- No Action
- Sponsored by:
- Delegate Anne R. Kaiser, District 14
- Delegate Marshall T. Goodwin, District 40
- Delegate Michael R. Gordon, District 17
- Delegate Justin D. Ross, District 22
- Bill indexed under the following Subjects:
- LOANS -see also- MORTGAGES
- MORTGAGES
- RECORDATION
- REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
- SECURITY INTERESTS -see also- LIENS; MECHANICS' LIENS
- Bill affects the following Statute:
- Tax - Property
- (
12-105
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered