File Code: Recordation and Transfer
- Sponsored By:
-
Delegates Poole and Frank
- Entitled:
-
Limited Liability Companies - Tax Exemption for Transfers of Real
Property to a Limited Liability Company and Conversions to a Limited
Liability Company
Allowing a foreign general partnership or a foreign limited
partnership to convert to a Maryland limited liability company;
altering the exemption from recordation and State and county transfer
taxes, for an instrument in writing that transfers title to real
property to a limited liability company, to include transfers from a
foreign general partnership, foreign limited partnership, foreign
limited liability partnership, foreign limited liability limited
partnership, foreign proprietorship, or foreign joint venture; etc.
House Action
- 2/12
- First Reading Ways and Means
- 2/18
- Hearing 3/5 at 2:00 p.m.
- 3/28
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate D. Bruce Poole, District 2B
- Delegate Robert L. Frank, District 11
- Bill indexed under the following Subjects:
- COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.
- EXEMPTIONS
- LIABILITY -see also- GOOD SAMARITAN
- PARTNERSHIPS
- REAL PROPERTY
- RECORDATION -see also- TRANSFER TAX
- REVENUE AND TAXES -see also specific taxes -
- TRANSFER TAX -see also- RECORDATION
- Bill affects the following Statutes:
- Corporations and Associations
- (
4A-101 ,
4A-101 ,
4A-211
)
- Tax - Property
- (
12-108 ,
13-207 ,
13-405
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
