Legislation

Title: Recordation and Transfer Taxes - Exemptions - Property Conveyed From Sole Proprietorship to Limited Liability Company
Sponsored by: Delegate A. Miller
Status: In the Senate - Hearing 3/29 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Exempting a transfer of real property from a sole proprietorship to a limited liability company from recordation and transfer taxes if the sole member of the limited liability company is identical to the converting sole proprietor and specified other conditions are met.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2016

History

Legislation History
Chamber House Calendar Date 12/16/2015 Legislative Date 10/27/2015 Action Pre-filed Proceedings
Chamber House Calendar Date 12/16/2015 Legislative Date 1/13/2016 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/07/2016 Legislative Date 1/07/2016 Action Hearing 1/20 at 2:00 p.m. Proceedings
Chamber House Calendar Date 1/18/2016 Legislative Date 1/18/2016 Action Hearing cancelled Proceedings
Chamber House Calendar Date 1/20/2016 Legislative Date 1/20/2016 Action Hearing 1/27 at 2:00 p.m. Proceedings
Chamber House Calendar Date 3/21/2016 Legislative Date 3/21/2016 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 3/21/2016 Legislative Date 3/18/2016 Action Favorable Report Adopted Proceedings 50
Chamber House Calendar Date 3/21/2016 Legislative Date 3/18/2016 Action Second Reading Passed Proceedings 50
Chamber House Calendar Date 3/21/2016 Legislative Date 3/19/2016 Action Third Reading Passed (137-0) Proceedings 51
Chamber Senate Calendar Date 3/22/2016 Legislative Date 3/20/2016 Action First Reading Budget and Taxation Proceedings 49
Chamber Senate Calendar Date 3/23/2016 Legislative Date 3/23/2016 Action Hearing 3/29 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	12/16/2015	10/27/2015	Pre-filed
House	12/16/2015	1/13/2016	First Reading Ways and Means
House	1/07/2016	1/07/2016	Hearing 1/20 at 2:00 p.m.
House	1/18/2016	1/18/2016	Hearing cancelled
House	1/20/2016	1/20/2016	Hearing 1/27 at 2:00 p.m.
House	3/21/2016	3/21/2016	Favorable Report by Ways and Means
House	3/21/2016	3/18/2016	Favorable Report Adopted	50
House	3/21/2016	3/18/2016	Second Reading Passed	50
House	3/21/2016	3/19/2016	Third Reading Passed (137-0)	51
Senate	3/22/2016	3/20/2016	First Reading Budget and Taxation	49
Senate	3/23/2016	3/23/2016	Hearing 3/29 at 1:00 p.m.

Documents

Date Posted	Document Name
12/17/2015	Text - First - Recordation and Transfer Taxes - Exemptions - Property Conveyed From Sole Proprietorship to Limited Liability Company
3/21/2016	Text - Third - Recordation and Transfer Taxes - Exemptions - Property Conveyed From Sole Proprietorship to Limited Liability Company
3/21/2016	Vote - House - Committee - Ways and Means
3/19/2016	Vote - House Floor - Third Reading Passed (137-0) - 03/19/16

File Code

Subjects

Statutes