2009 Regular Session

HOUSE BILL 582

CHAPTER NUMBER: 405
File Code: Estates and Trusts
Sponsored By:
Delegates Carter, McComas, McConkey, and Vallario
Entitled:
Estates and Trusts - Real and Leasehold Property - Valuation

Synopsis:

Allowing real and leasehold property included in an estate to be valued at the contract sales price for the property if the sales price is set forth on a settlement statement for an arm's length contract of sale of the property and the settlement on the contract occurs within 1 year after the decedent's death.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/6
First Reading Judiciary
2/10
Hearing 3/11 at 1:00 p.m.
3/6
Hearing cancelled
Hearing 3/11 at 2:00 p.m.
3/16
Favorable with Amendments Report by Judiciary
3/17
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (134-0)
4/5
Returned Passed
Senate Action
3/20
First Reading Judicial Proceedings
3/25
Hearing 4/1 at 1:00 p.m.
4/9
Favorable Report by Judicial Proceedings
4/5
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (47-0)
Action after passage in House and Senate
5/7
Approved by the Governor
- Chapter 405

Sponsored by:

Delegate Jill P. Carter, District 41
Delegate Susan K. McComas, District 35B
Delegate Tony McConkey, District 33A
Delegate Joseph F. Vallario, Jr., District 27A

Bill indexed under the following Subjects:

Appraisals
Contracts -see also- Land Installment Contracts; Procurement
Estates and Trusts
Prices -see also- Consumer Price Index
Real Property

Bill affects the following Statutes:

Estates and Trusts
( 7-202 , 7-202 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 772519/01     Offered on: March 17, 2009   at: 10:18 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 19, 2009: Third Reading Passed (134-0)
Senate
April 6, 2009: Third Reading Passed (47-0)