SENATE BILL 845

File Code: Taxes - Recordation and Transfer Crossfiled with: HOUSE BILL 959

Sponsored By:

Senators King, Currie, Garagiola, Madaleno, Manno, Peters, Pugh, Ramirez, and Robey

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.

Senate Action

2/3

First Reading Budget and Taxation

2/8

Hearing 3/16 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator Nancy J. King, District 39

Senator Ulysses Currie, District 25

Senator Rob Garagiola, District 15

Senator Richard S. Madaleno, Jr., District 18

Senator Roger P. Manno, District 19

Senator Douglas J. J. Peters, District 23

Senator Catherine E. Pugh, District 40

Senator Victor R. Ramirez, District 47

Senator James N. Robey, District 13

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: None offered