MD HB959 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Engrossed on March 22 2012 - 50% progression, died in committee
Action: 2012-03-28 - Hearing 4/3 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 22 2012 - 50% progression, died in committee
Action: 2012-03-28 - Hearing 4/3 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
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.
Title
Recordation and Transfer Taxes - Transfer of Property Between Related Entities
Sponsors
| Del. Kumar Barve [D] | Del. Talmadge Branch [D] | Del. Jon Cardin [D] | Del. Eric Luedtke [D] |
| Del. Jay Walker [D] |
Roll Calls
2012-03-22 - House - Third Reading Passed (Y: 138 N: 0 NV: 0 Abs: 3) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-28 | Hearing 4/3 at 1:30 p.m. | |
| 2012-03-22 | First Reading Budget and Taxation | |
| 2012-03-22 | Third Reading Passed (138-0) | |
| 2012-03-20 | Second Reading Passed with Amendments | |
| 2012-03-20 | Favorable with Amendments 735868/1 Report Adopted | |
| 2012-03-22 | Favorable with Amendments Report by Ways and Means | |
| 2012-02-15 | Hearing 3/7 at 1:00 p.m. | |
| 2012-02-10 | First Reading Ways and Means |
Subjects
Exemptions
Limited Liability Companies
Partnerships
Real Property
Recordation
Revenue and Taxes
Transfer Tax
Limited Liability Companies
Partnerships
Real Property
Recordation
Revenue and Taxes
Transfer Tax
