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Legislation


1999 Regular Session

SENATE BILL 432

File Code: Recordation and Transfer
Sponsored By:
Senator Munson
Entitled:
Recordation Tax and State Transfer Tax - Transfers from Class I Railroad Carrier to Its Wholly-Owned Limited Liability Company

Synopsis:

Providing an exemption under the recordation tax and the State transfer tax for certain instruments of writing that transfer title to real property from a Class I Railroad Carrier to its wholly-owned limited liability company; providing for the termination of the Act; etc.

History by Legislative Date

Senate Action
2/5
First Reading Budget and Taxation
2/23
Hearing 3/3 at 1:30 p.m.
3/2
Hearing cancelled
Hearing 3/3 at 4:00 p.m.
3/24

Favorable with Amendments Report by Budget and Taxation
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (46-0)
4/8
Return Passed
5/27
Governor vetoed - Duplicative
House Action
3/26
First Reading Ways and Means
Hearing 3/31 at 1:00 p.m.
4/7
Favorable Report by Ways and Means
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (134-0)
Bill indexed under the following Subjects:
CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS
EXEMPTIONS
LIMITED LIABILITY COMPANIES
MANDATES
RAILROADS
RECORDATION -see also- TRANSFER TAX
REVENUE AND TAXES -see also specific taxes-
SUNSET
TRANSFER TAX -see also- RECORDATION
Bill affects the following Statutes:
Tax - Property
( 12-108 , 13-207 , 13-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 659726/1 (PDF)     Offered on: March 25, 1999   at: 12:24 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 26, 1999: Third Reading Passed (46-0)
House
April 4, 1999: Third Reading Passed (134-0)
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