File Code: Taxes - Miscellaneous
- Sponsored By:
-
Delegates Minnick, DeCarlo, Holt, Ports, T. Murphy, Weir, Montague, and
Mohorovic
- Entitled:
-
State Transfer Tax - Exemption - Owner-Occupied Real Property
Providing that $30,000 of the consideration payable for an instrument
of writing for residentially improved owner-occupied real property is
exempt from the State transfer tax under specified circumstances; and
requiring that the exemption from the State transfer tax be applied
against the transfer tax payment of a purchaser of real property
unless the seller has contracted to pay the entire tax.
House Action
- 1/22
- First Reading Ways and Means
- 1/24
- Hearing 1/31 at 11:00 a.m.
Senate Action
- No Action
- Sponsored by:
- Delegate Joseph J. Minnick, District 7
- Delegate Diane DeCarlo, District 6
- Delegate Kenneth Holt, District 6
- Delegate Jacob J. Mohorovic, Jr., District 7
- Delegate Kenneth C. Montague, Jr., District 43
- Delegate Timothy D. Murphy, District 47A
- Delegate James F. Ports, Jr., District 8
- Delegate Michael H. Weir, District 6
- Bill indexed under the following Subjects:
- EXEMPTIONS
- HOUSING -see also- APARTMENTS, MORTGAGES
- TRANSFER TAX -see also- RECORDATION
- Bill affects the following Statute:
- Tax - Property
- (
13-203
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
None available
