MD HB420 | 2011 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on February 4 2011 - 25% progression, died in committee
Action: 2011-02-09 - Hearing 2/23 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Providing that, for purposes of the recordation tax, secured debt with respect to an indemnity mortgage, deed of trust, or other security interest in real property securing a guarantee of repayment of a loan for less than $5,000,000 for which the guarantor is not primarily liable is deemed to be incurred as debt is incurred on the guaranteed loan and the recordation tax applies as if the guarantor were primarily liable for the guaranteed loan; etc.

Tracking Information

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Title

Recordation Tax - Indemnity Mortgages

Sponsors


History

DateChamberAction
2011-02-09 Hearing 2/23 at 1:00 p.m.
2011-02-04 First Reading Ways and Means

Subjects


Maryland State Sources


Bill Comments

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