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Legislation

SB0582

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Sale of Residential Property - Taxes and Offers to Purchase (End Hedge Fund Control of Maryland Homes Act of 2025)
Sponsored by
Senator Henson
Status
In the Senate - Hearing 2/26 at 2:00 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Analysis
Fiscal and Policy Note
Synopsis
Authorizing a person who offers for sale to a third party improved single-family residential real property, for the first 30 days, to accept an offer to purchase the property made only by an individual, a community development organization, a nonprofit organization, or a real estate enterprise that owns an interest in less than 3% of all residential real property in the county; and altering the rate of the State transfer tax payable for an instrument of writing for a sale of certain residential real property under certain circumstances.
Committees
Original:
Budget and Taxation   Click to view Recorded Media
Judicial Proceedings
Committee Testimony
Witness List
Details
Cross-filed with: HB1428
Bill File Type: Regular
Effective Date(s): July 1, 2025
History
Legislation History
Chamber
Senate
Calendar Date
1/27/2025
Legislative Date
1/23/2025
Action
First Reading Budget and Taxation and Judicial Proceedings
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Sale of Residential Property - Taxes and Offers to Purchase (End Hedge Fund Control of Maryland Homes Act of 2025)
Proceedings
Chamber
Senate
Calendar Date
1/30/2025
Legislative Date
1/30/2025
Action
Hearing 2/11 at 1:00 p.m. (Judicial Proceedings)
Proceedings
Chamber
Senate
Calendar Date
1/30/2025
Legislative Date
1/30/2025
Action
Hearing 2/19 at 1:00 p.m. (Budget and Taxation) and Hearing 2/11 at 1:00 p.m. (Judicial Proceedings)
Proceedings
Chamber
Senate
Calendar Date
2/07/2025
Legislative Date
2/07/2025
Action
Hearing 2/19 at 1:00 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Proceedings
Chamber
Senate
Calendar Date
2/11/2025
Legislative Date
2/11/2025
Action
Hearing canceled (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Proceedings
Chamber
Senate
Calendar Date
2/11/2025
Legislative Date
2/11/2025
Action
Hearing 2/19 at 1:10 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Proceedings
Chamber
Senate
Calendar Date
2/14/2025
Legislative Date
2/14/2025
Action
Hearing canceled (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Proceedings
Chamber
Senate
Calendar Date
2/14/2025
Legislative Date
2/14/2025
Action
Hearing 2/26 at 1:00 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Proceedings
Chamber
Senate
Calendar Date
2/17/2025
Legislative Date
2/17/2025
Action
Hearing canceled (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Proceedings
Chamber
Senate
Calendar Date
2/17/2025
Legislative Date
2/17/2025
Action
Hearing 2/26 at 2:00 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 1/27/2025 1/23/2025 First Reading Budget and Taxation and Judicial Proceedings
Text - First - Sale of Residential Property - Taxes and Offers to Purchase (End Hedge Fund Control of Maryland Homes Act of 2025)
Senate 1/30/2025 1/30/2025 Hearing 2/11 at 1:00 p.m. (Judicial Proceedings)
Senate 1/30/2025 1/30/2025 Hearing 2/19 at 1:00 p.m. (Budget and Taxation) and Hearing 2/11 at 1:00 p.m. (Judicial Proceedings)
Senate 2/07/2025 2/07/2025 Hearing 2/19 at 1:00 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Senate 2/11/2025 2/11/2025 Hearing canceled (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Senate 2/11/2025 2/11/2025 Hearing 2/19 at 1:10 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Senate 2/14/2025 2/14/2025 Hearing canceled (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Senate 2/14/2025 2/14/2025 Hearing 2/26 at 1:00 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Senate 2/17/2025 2/17/2025 Hearing canceled (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
Senate 2/17/2025 2/17/2025 Hearing 2/26 at 2:00 p.m. (Budget and Taxation) and Hearing canceled (Judicial Proceedings)
File Code
Subjects
Statutes
Article - Housing and Community Development
(   4-302, 4-303, 4-310 )
Article - Real Property
(   10-804 )
Article - Tax - General
(   1-101, 13-1001, 13-1002, 13-201, 13-508, 13-509, 2-102, 2-4B-01, 2-4B-02, 7.7-101 through 7.7-301 )
Article - Tax - Property
(   13-203 )
Last Updated: 2/27/2025 3:08 PM
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