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Legislation


1997 Regular Session

SENATE BILL 490

File Code: Miscellaneous
Sponsored By:
Senators Craig, Colburn, Middleton, Derr, and Stoltzfus
Entitled:
Recordation Tax and State Transfer Tax - Transfer of Agricultural Land

Synopsis:

Exempting an instrument of writing that transfers title to agricultural land from the recordation tax and the State transfer tax if the instrument is exempt from the agricultural land transfer tax because the transferee files a declaration of intent to farm the land; imposing the recordation tax and State transfer tax on agricultural land that is subject to a declaration of intent to farm if there is a failure to comply with the declaration of intent; making the tax and penalty a lien on the land; etc.

Legislative History

Senate Action
1/30
First Reading Budget and Taxation
2/5
Hearing 2/26 at 1:30 p.m.
2/21
Hearing cancelled
Hearing 2/26 at 1:00 p.m.
3/31
Unfavorable Report by Budget and Taxation
House Action
No Action
Sponsored by:
Senator David R. Craig, District 34
Senator Richard F. Colburn, District 37
Senator John W. Derr, District 3
Senator Thomas McLain Middleton, District 28
Senator J. Lowell Stoltzfus, District 38
Bill indexed under the following Subjects:
EXEMPTIONS
FARMLAND
LIENS -see also- MECHANICS' LIENS; SECURITY INTERESTS
MANDATES
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 , 13-207 , 13-301 , 13-305 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
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