MD HB590 | 2010 | Regular Session
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on May 20 2010 - 100% progression
Action: 2010-05-20 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on May 20 2010 - 100% progression
Action: 2010-05-20 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Summary
Clarifying that for the purposes of recordation taxes and the State and county transfer taxes, the consideration payable for an instrument of writing to which the tax applies includes only the amount paid or delivered in return for the sale of the property and does not include the amount of any debt forgiven or no longer secured by a mortgage or deed of trust; and making the Act an emergency measure.
Title
Recordation Taxes and State and County Transfer Taxes - Debt Forgiven in "Short
Sponsors
| Del. Joseph Bartlett [R] | Del. Jolene Ivey [D] | Del. Peter Murphy [D] | Del. Craig Rice [D] |
| Del. Justin Ross [D] |
Roll Calls
2010-04-02 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2010-04-02 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2010-04-02 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-05-20 | Approved by the Governor | |
| 2010-04-02 | Third Reading Passed with Amendments (47-0) | |
| 2010-04-01 | Second Reading Passed with Amendments | |
| 2010-04-01 | Favorable with Amendments Report Adopted | |
| 2010-04-05 | Favorable with Amendments Report by Budget and Taxation | |
| 2010-03-26 | Hearing 3/31 at 1:00 p.m. | |
| 2010-03-25 | First Reading Budget and Taxation | |
| 2010-04-04 | Passed Enrolled | |
| 2010-04-04 | Third Reading Passed (137-1) | |
| 2010-04-04 | House Concur - Senate Amendments | |
| 2010-03-22 | Third Reading Passed (139-0) | |
| 2010-03-21 | Second Reading Passed with Amendments | |
| 2010-03-21 | Favorable with Amendments Report Adopted | |
| 2010-03-22 | Favorable with Amendments Report by Ways and Means | |
| 2010-02-03 | Hearing 2/25 at 1:00 p.m. | |
| 2010-02-03 | First Reading Ways and Means |
