File Code: Taxes - Recordation and Transfer
Prior Year Introduction As: HB 409/07 - W&M
Crossfiled with: SENATE BILL 559
- Sponsored By:
-
Delegates Kaiser, Barkley, Cane, Carr, Gutierrez, and F. Turner
- Entitled:
-
Recordation Tax - Indemnity Mortgages
Providing that, for purposes of the recordation tax, secured debt with
respect to an indemnity mortgage, deeds of trust, or other security
interests in real property securing a guarantee of repayment of a loan
for which the guarantor is not primarily liable is deemed to be
incurred as debt is incurred on the guaranteed loan and the
recordation tax applies as if the guarantor were primarily liable for
the guaranteed loan; etc.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
House Action
- 1/23
- First Reading Ways and Means
- 1/30
- Hearing 2/14 at 1:00 p.m.
- 2/6
- Hearing cancelled
- Hearing 3/6 at 1:00 p.m.
Senate Action
- No Action
Sponsored by:
- Delegate Anne R. Kaiser, District 14
- Delegate Charles Barkley, District 39
- Delegate Rudolph C. Cane, District 37A
- Delegate Alfred C. Carr, Jr., District 18
- Delegate Ana Sol Gutierrez, District 18
- Delegate Frank S. Turner, District 13
Bill indexed under the following Subjects:
- Loans -see also- Mortgages
- Mortgages
- Recordation
- Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
- Security Interests -see also- Liens; Mechanics` Liens
Bill affects the following Statute:
- Tax - Property
- (
12-105
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered
