Legislation
- Title
- Recordation and Transfer Taxes - Transfer of Property Between Related Entities - Exemption
- Sponsored by
- Delegates Barve, Branch, Cardin, Dwyer, Feldman, Fisher, Frick, George, Gilchrist, Hixson, Holmes, Ivey, Kaiser, Luedtke, A. Miller, Mitchell, Rosenberg, Serafini, Simmons, F. Turner, Walker, and A. Washington
- Status
- Approved by the Governor - Chapter 453
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Exempting from the recordation tax and the State transfer tax the transfer of real property between a parent business entity and its wholly owned subsidiary or between subsidiaries wholly owned by the same parent business entity under specified circumstances; applying the Act to instruments of writing recorded on or after
July 1, 2013; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
Details
History
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Statutes
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(
12-108, 13-207 )
Last Updated: 2/3/2020 2:27 PM