Legislation

Increasing the threshold amount for certain indemnity mortgage transactions that are exempt from the recordation tax from $3,000,000 to $12,500,000; and applying the Act to all instruments of writing recorded on or after July 1, 2024.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0371

Bill File Type: Regular

Effective Date(s): July 1, 2024

Bill imposes a local government mandate, which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

History

Legislation History
Chamber Senate Calendar Date 2/03/2023 Legislative Date 2/03/2023 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/03/2023 Legislative Date 2/03/2023 Action Hearing 2/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Recordation Tax - Indemnity Mortgage Exemption - Threshold Amount Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2023 Legislative Date 3/17/2023 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/17/2023 Legislative Date 3/09/2023 Action Favorable with Amendments {243621/1 Adopted Proceedings 46 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2023 Legislative Date 3/09/2023 Action Second Reading Passed with Amendments Proceedings 46 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Recordation Tax - Indemnity Mortgage Exemption - Threshold Amount Proceedings
Chamber Senate Calendar Date 3/17/2023 Legislative Date 3/10/2023 Action Third Reading Passed (45-0) Proceedings 47 Click to view Recorded Media
Chamber House Calendar Date 3/20/2023 Legislative Date 3/12/2023 Action Referred Ways and Means Proceedings 49 Click to view Recorded Media
Chamber House Calendar Date 3/21/2023 Legislative Date 3/21/2023 Action Hearing 3/28 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/07/2023 Legislative Date 4/07/2023 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/07/2023 Legislative Date 3/28/2023 Action Favorable with Amendments {293320/1 Adopted Proceedings 65 Click to view Recorded Media
Chamber House Calendar Date 4/07/2023 Legislative Date 3/28/2023 Action Second Reading Passed with Amendments Proceedings 65 Click to view Recorded Media
Chamber House Calendar Date 4/10/2023 Legislative Date 4/02/2023 Action Third Reading Passed (137-0) Proceedings 70 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2023 Legislative Date 3/29/2023 Action Senate Refuses Concur House Amendments Proceedings 66 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2023 Legislative Date 3/29/2023 Action Senate Requests House Recede Proceedings 66 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/03/2023	2/03/2023	First Reading Budget and Taxation
Senate	2/03/2023	2/03/2023	Hearing 2/22 at 1:00 p.m.
			Text - First - Recordation Tax - Indemnity Mortgage Exemption - Threshold Amount
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/17/2023	3/17/2023	Favorable with Amendments Report by Budget and Taxation
Senate	3/17/2023	3/09/2023	Favorable with Amendments {243621/1 Adopted	46 Click to view Recorded Media
Senate	3/17/2023	3/09/2023	Second Reading Passed with Amendments	46 Click to view Recorded Media
			Text - Third - Recordation Tax - Indemnity Mortgage Exemption - Threshold Amount
Senate	3/17/2023	3/10/2023	Third Reading Passed (45-0)	47 Click to view Recorded Media
House	3/20/2023	3/12/2023	Referred Ways and Means	49 Click to view Recorded Media
House	3/21/2023	3/21/2023	Hearing 3/28 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/07/2023	4/07/2023	Favorable with Amendments Report by Ways and Means
House	4/07/2023	3/28/2023	Favorable with Amendments {293320/1 Adopted	65 Click to view Recorded Media
House	4/07/2023	3/28/2023	Second Reading Passed with Amendments	65 Click to view Recorded Media
House	4/10/2023	4/02/2023	Third Reading Passed (137-0)	70 Click to view Recorded Media
Senate	4/10/2023	3/29/2023	Senate Refuses Concur House Amendments	66 Click to view Recorded Media
Senate	4/10/2023	3/29/2023	Senate Requests House Recede	66 Click to view Recorded Media

File Code

Subjects

Statutes