2007 Special Session 1

HOUSE BILL 10

File Code: Taxes - Recordation and Transfer Prior Year Introduction As: HB 475/07 - W&M & APP
Sponsored By:
Delegates Healey, V. Clagett, Gaines, Gilchrist, Harrison, Haynes, Heller, Hixson, Howard, Hubbard, Ivey, Jones, Krysiak, McIntosh, Niemann, Pendergrass, Proctor, Rice, Robinson, Ross, Stukes, F. Turner, and Vallario
Entitled:
Public School Construction Assistance Act of 2008

Synopsis:

Imposing recordation and transfer taxes on the transfer of controlling interest in an entity that owns interests in real property in Maryland that constitute at least 80% of the value of the entity's assets and have an aggregate value of at least $1,000,000; requiring specified local recordation tax revenues and specified State transfer tax revenues for fiscal 2009 through 2012 to be dedicated to public school construction and renovation; etc.

History by Legislative and Calendar Date

House Action
10/29
First Reading Ways and Means & Appropriations
10/30
Hearing 11/3 at 10:00 a.m.
Senate Action
No Action

Sponsored by:

Delegate Anne Healey, District 22
Delegate Virginia P. Clagett, District 30
Delegate Tawanna P. Gaines, District 22
Delegate Jim Gilchrist, District 17
Delegate Hattie N. Harrison, District 45
Delegate Keith E. Haynes, District 44
Delegate Henry B. Heller, District 19
Delegate Sheila E. Hixson, District 20
Delegate Carolyn J. B. Howard, District 24
Delegate James W. Hubbard, District 23A
Delegate Jolene Ivey, District 47
Delegate Adrienne A. Jones, District 10
Delegate Carolyn J. Krysiak, District 46
Delegate Maggie McIntosh, District 43
Delegate Doyle L. Niemann, District 47
Delegate Shane E. Pendergrass, District 13
Delegate James E. Proctor, Jr., District 27A
Delegate Craig L. Rice, District 15
Delegate Barbara Robinson, District 40
Delegate Justin D. Ross, District 22
Delegate Melvin L. Stukes, District 44
Delegate Frank S. Turner, District 13
Delegate Joseph F. Vallario, Jr., District 27A

Bill indexed under the following Subjects:

Appropriations
Assessments and Taxation, Department of
Associations -see also- Cooperative Associations
Construction
Corporations -see also- Municipal Corps; Public Corps & Inst
Counties -see also- Chartered Counties; Code Counties
Exemptions
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Forests and Parks -see also- Program Open Space; Trees
Interest
Limited Liability Companies
Local Government Mandates
Mergers and Acquisitions
Natural Resources, Department of
Partnerships
Penalties
Public Schools
Real Estate Investment Trusts
Real Property
Recordation
Reports
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Salaries -see also- Overtime; Reimbursement Rates
State Aid
State Employees
Transfer Tax

Bill affects the following Statutes:

Tax - Property
( 12-110 , 12-110 , 12-117 , 13-103 , 13-209 )

Documents:

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