Legislation

Title: Vessel Transfers - Excise Tax and Title Fee Exemption and Transfer-on-Death Beneficiary Designation
Sponsored by: Delegates Arentz, Ghrist, and Jacobs
Status: In the House - Hearing 2/29 at 1:00 p.m. (Environment and Transportation)
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting the imposition of an excise tax or certificate of title fee for the transfer of certain vessels to a trust or from a trust to certain beneficiaries under certain circumstances; requiring that an application for a certificate of title for a vessel contain certain information; authorizing an individual who is the sole owner of a certain vessel to apply to the Department of Natural Resources to designate a beneficiary to take ownership of the vessel on the death of the owner; etc.

Committees

Original:: Environment and Transportation Click to view Recorded Media; Ways and Means

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2024

History

Legislation History
Chamber House Calendar Date 2/05/2024 Legislative Date 2/05/2024 Action First Reading Environment and Transportation and Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Vessel Transfers - Excise Tax and Title Fee Exemption and Transfer-on-Death Beneficiary Designation Proceedings
Chamber House Calendar Date 2/07/2024 Legislative Date 2/07/2024 Action Hearing 2/29 at 1:00 p.m. (Environment and Transportation) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/05/2024	2/05/2024	First Reading Environment and Transportation and Ways and Means
			Text - First - Vessel Transfers - Excise Tax and Title Fee Exemption and Transfer-on-Death Beneficiary Designation
House	2/07/2024	2/07/2024	Hearing 2/29 at 1:00 p.m. (Environment and Transportation)

File Code

Subjects

Statutes