SENATE BILL 147

Sponsored By:

Chairman, Budget and Taxation Committee (By Request - Maryland Judicial Conference)

Entitled:

State Transfer Tax - Residential Property - Affidavit of First-Time Ownership

Synopsis:

Requiring that specified first-time Maryland home buyers include a specified required statement in the recitals or in the acknowledgment of the deed or submit the statement with the deed for improved residential real property in order to qualify for a specified exemption from the State transfer tax.

History by Legislative Date

Senate Action

1/19

First Reading Budget and Taxation

1/25

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

2/13

Favorable Report by Budget and Taxation

Favorable

Recommit to Committee Budget and Taxation (Senator Currie)

House Action

No Action

Sponsored by:

Budget & Tax. Comm., Chairman

Judicial Conference

Bill indexed under the following Subjects:

EXEMPTIONS

REAL PROPERTY

TRANSFER TAX

Bill affects the following Statute:

Tax - Property

( 13-203 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered