HOUSE BILL 465

File Code: Taxes - Income Crossfiled with: SENATE BILL 453

Sponsored By:

Delegate Ross

Entitled:

Income Tax - Payments - Sale of Real Property by Nonresidents

Synopsis:

Setting the rate of tax that must be paid to the clerk of the circuit court for a county or to the Department of Assessments and Taxation before the recording of specified deeds for the sale of property to be 7.5% of the total payment to a nonresident or 8.25% of the total payment to a nonresident entity.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.

House Action

2/4

First Reading Ways and Means

2/11

Hearing 2/18 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

Deeds

Income Tax

Nonresidents -see also- Aliens

Real Property

Recordation

Bill affects the following Statute:

Tax - General

( 10-912 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered