HOUSE BILL 666

Sponsored By:

Delegates Finifter and Klausmeier

Entitled:

Recordation and Transfer Taxes - Transfers From Partnerships to One or More Limited Liability Companies

Synopsis:

Altering an exemption from the recordation and the State and county transfer taxes for instruments of writing that transfer title to real property from a partnership so that it applies if the transfer is to one or more limited liability companies that meet specified criteria.

Legislative History

House Action

1/30

First Reading Ways and Means

2/12

Hearing 2/27 at 1:00 p.m.

2/21

Hearing cancelled

3/10

Withdrawn

Senate Action

No Action

Sponsored by:

Delegate Michael J. Finifter, District 11

Delegate Katherine Klausmeier, District 8

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- SMALL BUSINESS

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:

Tax - Property

( 12-108 , 13-207 , 13-405 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Not available at this time