- Title
- Vessel Transfers - Excise Tax and Title Fee Exemption and Transfer-on-Death Beneficiary Designation
- Sponsored by
- Delegates Arentz, Ghrist, and Jacobs
- Status
- In the House - Hearing 2/29 at 1:00 p.m. (Environment and Transportation)
- Analysis
- Fiscal and Policy Note
Synopsis
Prohibiting the imposition of an excise tax or certificate of title fee for the transfer of certain vessels to a trust or from a trust to certain beneficiaries under certain circumstances; requiring that an application for a certificate of title for a vessel contain certain information; authorizing an individual who is the sole owner of a certain vessel to apply to the Department of Natural Resources to designate a beneficiary to take ownership of the vessel on the death of the owner; etc.
Committees
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): October 1, 2024
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Last Updated: 4/15/2024 2:51 PM