MD SB845 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-02-08 - Hearing 3/16 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-02-08 - Hearing 3/16 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [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
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-08 | Hearing 3/16 at 1:00 p.m. | |
| 2012-02-03 | First Reading Budget and Taxation |
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
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0845.htm |
| Text | http://mlis.state.md.us/2012rs/bills/sb/sb0845f.pdf |
