MD HB751 | 2024 | Regular Session
Note: Carry Over of previous HB474
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-02-06 - Hearing 2/20 at 1:00 p.m. (Environment and Transportation)
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-02-06 - Hearing 2/20 at 1:00 p.m. (Environment and Transportation)
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Authorizing a person who offers for sale to a third party improved single-family residential real property, for the first 30 days, to accept an offer to purchase the property made only by an individual, a community development organization, a nonprofit organization, or a real estate enterprise that owns an interest in less than 3% of all residential real property in the county; and altering the rate of the State transfer tax payable for an instrument of writing for a sale of certain residential real property under certain circumstances.
Title
Sale of Residential Real Property - Offers to Purchase and Transfer Tax
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-02-06 | House | Hearing 2/20 at 1:00 p.m. (Environment and Transportation) |
2024-01-31 | House | First Reading Environment and Transportation and Ways and Means |
Same As/Similar To
HB474 (Carry Over) 2023-04-10 - Unfavorable Report by Environment and Transportation
Subjects
Commerce and Business
Community Development
Mortgages
Nonprofit Organizations
Real Estate
Real Property
Residential Property
Taxes - Recordation and Transfer
Time
Transfer Tax
Community Development
Mortgages
Nonprofit Organizations
Real Estate
Real Property
Residential Property
Taxes - Recordation and Transfer
Time
Transfer Tax
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Real Property | 10 | 804 | (n/a) | See Bill Text |
Tax - Property | 13 | 203 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0751?ys=2024RS |
Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0751f.pdf |