2009 Regular Session

HOUSE BILL 983

File Code: Taxes - Recordation and Transfer Crossfiled with: SENATE BILL 727
Sponsored By:
Delegates Stukes and Cardin
Entitled:
Recordation and Transfer Tax - Controlling Interest Transfers

Synopsis:

Altering the definition of real property entity under the controlling interest transfer tax to remove a requirement that the entity own real property of at least $1,000,000 value; requiring the articles of organization of a limited liability company to include the name and address of specified organizers, members, managers, and authorized persons; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/13
First Reading Ways and Means
2/16
Hearing 3/12 at 1:00 p.m.
3/6
Hearing cancelled
3/9
Unfavorable Report by Ways and Means Withdrawn
Senate Action
No Action

Sponsored by:

Delegate Melvin L. Stukes, District 44
Delegate Jon S. Cardin, District 11

Bill indexed under the following Subjects:

Assessments and Taxation, Department of
Corporations -see also- Municipal Corps; Public Corps & Inst
Limited Liability Companies
Mergers and Acquisitions
Partnerships
Real Property
Recordation
Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.
Transfer Tax

Bill affects the following Statutes:

Corporations and Associations
( 4A-101 , 4A-204 , 4A-204 )
Tax - Property
( 12-117 , 12-117 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Not available at this time
Amendments: None offered