2005 Regular Session

HOUSE BILL 1237

EMERGENCY BILL
File Code: Taxes - Recordation and Transfer Crossfiled with: SENATE BILL 399
Sponsored By:
Delegate Holmes
Entitled:
Recordation and Transfer Taxes - Exemption

Synopsis:

Exempting from the recordation tax, the State transfer tax, and the Prince George's County transfer tax an instrument of writing conveying title to real property located in Prince George's County from a civic association to an organization exempt from federal income taxation if the settlement for the transfer occurred between specified dates, only nominal consideration was payable for the transfer, and no mortgage or deed of trust was assumed by the grantee; applying the Act retroactively; etc.

History by Legislative Date

House Action
2/11
First Reading Ways and Means
2/16
Hearing 3/16 at 1:00 p.m.
Senate Action
No Action

Bill indexed under the following Subjects:

EXEMPTIONS
NONPROFIT ORGANIZATIONS
PRINCE GEORGE'S COUNTY
REAL PROPERTY
RECORDATION
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TRANSFER TAX

Documents:

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