2010 Regular Session

SENATE BILL 657

CHAPTER NUMBER: 589
EMERGENCY BILL File Code: Taxes - Recordation and Transfer Crossfiled with: HOUSE BILL 590
Sponsored By:
Senators DeGrange, Astle, Garagiola, Jones, Kasemeyer, Klausmeier, Kramer, Miller, Pipkin, Reilly, and Robey
Entitled:
Recordation Taxes and State and County Transfer Taxes - Debt Forgiven in "Short Sale"

Synopsis:

Clarifying that for the purposes of recordation taxes and the State and county transfer taxes, the consideration payable for an instrument of writing to which the tax applies includes only the amount paid or delivered in return for the sale of the property and does not include the amount of any debt forgiven or no longer secured by a mortgage or deed of trust; and making the Act an emergency measure.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/5
First Reading Budget and Taxation
2/17
Hearing 3/10 at 1:00 p.m.
3/15
Favorable with Amendments Report by Budget and Taxation
3/16
Favorable with Amendments Report Adopted
Floor Committee Amendment Adopted
Second Reading Passed with Amendments
3/18
Third Reading Passed (47-0)
4/9
Senate Concur - House Amendment
Third Reading Passed (47-0)
Passed Enrolled
House Action
3/19
First Reading Ways and Means
3/24
Hearing 4/1 at 1:00 p.m.
4/12
Favorable with Amendments Report by Ways and Means
4/6
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/7
Third Reading Passed with Amendments (136-1)
Action after passage in Senate and House
5/20
Approved by the Governor
- Chapter 589

Sponsored by:

Senator James E. DeGrange, Sr., District 32
Senator John C. Astle, District 30
Senator Rob Garagiola, District 15
Senator Verna L. Jones, District 44
Senator Edward J. Kasemeyer, District 12
Senator Katherine Klausmeier, District 8
Senator Rona E. Kramer, District 14
Senator Thomas V. Mike Miller, Jr., District 27
Senator E. J. Pipkin, District 36
Senator Edward R. Reilly, District 33
Senator James N. Robey, District 13

Bill indexed under the following Subjects:

Counties -see also- Chartered Counties; Code Counties
Real Property
Recordation
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Transfer Tax

Bill affects the following Statutes:

Tax - Property
( 12-103 , 13-203 , 13-412 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 149338/01     Offered on: March 16, 2010   at: 11:43 a.m.     Status: Adopted
Number: 999038/01     Offered on: March 16, 2010   at: 11:45 a.m.     Status: Adopted
House
Number: 485763/01     Offered on: April 12, 2010   at: 2:27 p.m.     Status: Adopted
Committee Votes :
Senate
Budget and Taxation
House
Ways and Means
Roll Call Votes (Legislative dates are shown):
Senate
March 18, 2010: Third Reading Passed (47-0)
April 9, 2010: Third Reading Passed (47-0)
House
April 7, 2010: Third Reading Passed (136-1)