Legislation

Title: Recordation and Transfer Taxes - Transfer of Property Between Business Entities - Reorganizations - Exemption
Sponsored by: Chair, Budget and Taxation Committee (By Request - Departmental - Assessments and Taxation)
Status: Approved by the Governor - Chapter 129
Analysis: Fiscal and Policy Note

Synopsis

Exempting from the recordation tax and the State transfer tax the transfer of real property between specified business entities as part of a specified reorganization; and applying the Act to instruments of writing recorded on or after July 1, 2014.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2014

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 12/18/2013 Legislative Date 10/10/2013 Action Pre-filed Proceedings
Chamber Senate Calendar Date 12/18/2013 Legislative Date 1/08/2014 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/01/2014 Legislative Date 1/01/2014 Action Hearing 1/22 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/03/2014 Legislative Date 2/03/2014 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/03/2014 Legislative Date 1/31/2014 Action Favorable Report Adopted Proceedings 17A
Chamber Senate Calendar Date 2/03/2014 Legislative Date 1/31/2014 Action Second Reading Passed Proceedings 17A
Chamber Senate Calendar Date 2/05/2014 Legislative Date 2/05/2014 Action Third Reading Passed (47-0) Proceedings 19
Chamber House Calendar Date 2/06/2014 Legislative Date 2/06/2014 Action First Reading Ways and Means Proceedings 22
Chamber House Calendar Date 3/11/2014 Legislative Date 3/11/2014 Action Hearing 3/20 at 1:00 p.m. Proceedings
Chamber House Calendar Date 4/01/2014 Legislative Date 4/02/2014 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 4/02/2014 Legislative Date 3/26/2014 Action Favorable Report Adopted Proceedings 62
Chamber House Calendar Date 4/02/2014 Legislative Date 3/26/2014 Action Second Reading Passed Proceedings 62
Chamber House Calendar Date 4/03/2014 Legislative Date 3/27/2014 Action Third Reading Passed (137-0) Proceedings 63
Chamber Senate Calendar Date 4/04/2014 Legislative Date 3/26/2014 Action Returned Passed Proceedings 60
Chamber Post Passage Calendar Date 4/14/2014 Legislative Date 4/14/2014 Action Approved by the Governor - Chapter 129 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	12/18/2013	10/10/2013	Pre-filed
Senate	12/18/2013	1/08/2014	First Reading Budget and Taxation
Senate	1/01/2014	1/01/2014	Hearing 1/22 at 1:00 p.m.
Senate	2/03/2014	2/03/2014	Favorable Report by Budget and Taxation
Senate	2/03/2014	1/31/2014	Favorable Report Adopted	17A
Senate	2/03/2014	1/31/2014	Second Reading Passed	17A
Senate	2/05/2014	2/05/2014	Third Reading Passed (47-0)	19
House	2/06/2014	2/06/2014	First Reading Ways and Means	22
House	3/11/2014	3/11/2014	Hearing 3/20 at 1:00 p.m.
House	4/01/2014	4/02/2014	Favorable Report by Ways and Means
House	4/02/2014	3/26/2014	Favorable Report Adopted	62
House	4/02/2014	3/26/2014	Second Reading Passed	62
House	4/03/2014	3/27/2014	Third Reading Passed (137-0)	63
Senate	4/04/2014	3/26/2014	Returned Passed	60
Post Passage	4/14/2014	4/14/2014	Approved by the Governor - Chapter 129

Documents

Date Posted	Document Name
12/18/2013	Text - First - Recordation and Transfer Taxes - Transfer of Property Between Business Entities - Reorganizations - Exemption
2/04/2014	Text - Third - Recordation and Transfer Taxes - Transfer of Property Between Business Entities - Reorganizations - Exemption
4/18/2014	Text - Chapter - Recordation and Transfer Taxes - Transfer of Property Between Business Entities - Reorganizations - Exemption
2/03/2014	Vote - Senate - Committee - Budget and Taxation
4/02/2014	Vote - House - Committee - Ways and Means
2/05/2014	Vote - Senate Floor - Third Reading Passed (47-0) - 02/05/14
3/27/2014	Vote - House Floor - Third Reading Passed (137-0) - 03/27/14

File Code

Subjects

Statutes