HOUSE BILL 461

Sponsored By:

Delegates Hecht, Mandel, Kopp, Shriver, McIntosh, Donoghue, Rudolph, and Conway

Entitled:

Property Tax Exemption - Charitable Organizations - Abatement of Property Tax in Year of Transfer

Synopsis:

Providing that property tax on specified property that becomes exempt during a taxable year is abated from the date during the taxable year when the instrument transferring title to eligible charitable organizations is recorded; and providing that the Act be applicable to all taxable years beginning after June 30, 1998.

History by Legislative Date

House Action

2/4

First Reading Ways and Means

Hearing 2/19 at 11:00 a.m.

3/25

Favorable with Amendments Report by Ways and Means

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/26

Third Reading Passed (136-0)

4/4

Return Passed

5/12

Signed by the Governor Chapter 344

Senate Action

3/27

First Reading Budget and Taxation

4/6

Favorable Report by Budget and Taxation

Favorable

Special Order 4/7 (Senator Hogan) Adopted

4/7

Favorable Report Adopted

Second Reading Passed

4/8

Third Reading Passed (47-0)

Sponsored by:

Delegate Sue C. Hecht, District 3

Delegate Norman H. Conway, District 38

Delegate John P. Donoghue, District 2C

Delegate Nancy K. Kopp, District 16

Delegate Adrienne A. Mandel, District 19

Delegate Maggie L. McIntosh, District 42

Delegate David D. Rudolph, District 35B

Delegate Mark K. Shriver, District 15

Bill indexed under the following Subjects:

EXEMPTIONS

NONPROFIT ORGANIZATIONS

PROPERTY TAX -see also- ASSESSMENTS

Bill affects the following Statutes:

Tax - Property

( 7-104 , 7-202 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 365040/1 (PDF)     Offered on: March 25, 1998   at: 12:25 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 26, 1998: Third Reading Passed (136-0)

Senate

April 8, 1998: Third Reading Passed (47-0)