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Legislation


2012 Regular Session

HOUSE BILL 959

File Code: Taxes - Recordation and Transfer Crossfiled with: SENATE BILL 845
Sponsored By:
Delegates Barve, Branch, Luedtke, Cardin, and Walker
Entitled:
Recordation and Transfer Taxes - Transfer of Property Between Related Entities - Exemption

Synopsis:

Exempting from the recordation tax and the State transfer tax the transfer of real property between a parent partnership or limited liability company and its subsidiary or between subsidiaries wholly owned by the same parent partnership or limited liability company under specified circumstances; and exempting from the recordation tax and the State transfer tax the transfer of real property between specified entities under specified circumstances.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
2/10
First Reading Ways and Means
2/15
Hearing 3/7 at 1:00 p.m.
3/22

Favorable with Amendments Report by Ways and Means
3/20
Favorable with Amendments {735868/1 Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (138-0)
Senate Action
3/22
First Reading Budget and Taxation
3/28
Hearing 4/3 at 1:30 p.m.

Sponsored by:

Delegate Kumar P. Barve, District 17
Delegate Talmadge Branch, District 45
Delegate Jon S. Cardin, District 11
Delegate Eric G. Luedtke, District 14
Delegate Jay Walker, District 26

Bill indexed under the following Subjects:

Exemptions
Limited Liability Companies
Partnerships
Real Property
Recordation
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Transfer Tax

Bill affects the following Statutes:

Tax - Property
( 12-108 , 13-207 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments:
House
Number: 735868/01     Offered on: March 23, 2012   at: 4:18 p.m.     Status: Adopted
Committee Votes :
House
Ways and Means
Roll Call Vote (Legislative date is shown):
House
March 22, 2012: Third Reading Passed (138-0)
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