SENATE BILL 699

File Code: Taxes - Miscellaneous - Local

Sponsored By:

Senator Brinkley

Entitled:

Frederick County - Transfer Tax - Property Tax Assessment Cap

Synopsis:

Authorizing the Board of County Commissioners of Frederick County to impose, by ordinance, a transfer tax on specified instruments of writing; limiting the rate of the transfer tax; authorizing the County Commissioners to provide for specified exemptions from the transfer tax; authorizing the County Commissioners to allow for the payment of the transfer tax over a period of 5 years; requiring the revenues from the transfer tax to be used for specified purposes; etc.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

2/18

Hearing 3/4 at 8:30 a.m.

3/29

Favorable with Amendments Report by Budget and Taxation

3/30

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/31

Third Reading Passed (36-9)

House Action

3/31

First Reading House Rules and Executive Nominations

4/10

Re-referred Ways and Means

4/9

Hearing 4/12 at 1:00 p.m.

Bill indexed under the following Subjects:

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

COUNTY COMMISSIONERS

EXCISE TAX

FREDERICK COUNTY

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

LAWS AND ORDINANCES -see also- PUB LOCAL LAWS; UNIFORM LAWS.

MERGERS AND ACQUISITIONS

PROPERTY TAX

PUBLIC SCHOOLS

REAL PROPERTY

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

TAX CREDITS -see also- CIRCUIT BREAKER

TRANSFER TAX

TRANSPORTATION -see also- AIRCRAFT; AIRPORTS; BOATS; etc

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 309234/01 (PDF)     Offered on: March 30, 2004   at: 12:45 p.m.     Status: Adopted

Roll Call Vote (Legislative date is shown):

Senate

March 31, 2004: Third Reading Passed (36-9)