File Code: Taxes - Recordation and Transfer
Prior Year Introduction As: HB 409/07 - W&M
Crossfiled with: HOUSE BILL 260
- Sponsored By:
-
Senators Madaleno, Jones, and King
- Entitled:
-
Recordation Tax - Indemnity Mortgages
Providing that, for purposes of the recordation tax, secured debt with
respect to an indemnity mortgage, deeds of trust, or other security
interests 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.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
Senate Action
- 2/1
- First Reading Budget and Taxation
- 2/20
- Hearing 3/6 at 1:00 p.m.
House Action
- No Action
Sponsored by:
- Senator Richard S. Madaleno, Jr., District 18
- Senator Verna L. Jones, District 44
- Senator Nancy J. King, District 39
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 (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered