Maryland Senate Bill 111 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 11 2017 - 100% progression
Action: 2017-04-11 - Approved by the Governor - Chapter 63
Text: Latest bill text (Chaptered) [PDF]

Exempting a transfer of real property from a sole proprietorship to a limited liability company from recordation and transfer taxes if the sole member of the limited liability company is identical to the converting sole proprietor and specified other conditions are met; providing that the transfer of a controlling interest in a specified company is subject to specified taxes under specified circumstances; defining "sole proprietorship" to include an individual who owns an interest in real property in the individual's name; etc.

Recordation and Transfer Taxes - Exemptions - Property Conveyed From Sole Proprietorship to Limited Liability Company

Sen. Nathaniel McFadden [D]

2017-03-27 - House - House Floor - Third Reading Passed (138-0) (Y: 138 N: 0 NV: 0 Abs: 3) [PASS]
2017-02-13 - Senate - Senate Floor - Third Reading Passed (46-0) (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2017-04-11	Senate	Approved by the Governor - Chapter 63
2017-04-03	Senate	Returned Passed
2017-03-31	House	Third Reading Passed (138-0)
2017-03-30	House	Second Reading Passed
2017-03-30	House	Favorable Report Adopted
2017-03-30	House	Favorable Report by Ways and Means
2017-03-23	House	Hearing 3/23 at 1:00 p.m.
2017-02-14	House	First Reading Ways and Means
2017-02-13	Senate	Third Reading Passed (46-0)
2017-02-08	Senate	Second Reading Passed with Amendments
2017-02-08	Senate	Favorable with Amendments {679137/1 Report Adopted
2017-02-06	Senate	Favorable with Amendments Report by Budget and Taxation
2017-02-01	Senate	Hearing 2/01 at 2:00 p.m.
2017-01-13	Senate	First Reading Budget and Taxation

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0111?ys=2017rs
Text	https://mgaleg.maryland.gov/2017RS/bills/sb/sb0111f.pdf
Text	https://mgaleg.maryland.gov/2017RS/bills/sb/sb0111t.pdf
Text	https://mgaleg.maryland.gov/2017RS/Chapters_noln/CH_63_sb0111t.pdf
Amendment	https://mgaleg.maryland.gov/2017RS/amds/bil_0001/sb0111_67913701.pdf
Supplement	https://mgaleg.maryland.gov/2017RS/fnotes/bil_0001/sb0111.pdf
Supplement	https://mgaleg.maryland.gov/2017RS/votes_comm/sb0111_b&t.pdf
Supplement	https://mgaleg.maryland.gov/2017RS/votes_comm/sb0111_w&m.pdf
Roll Call	https://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=sb0111,s-0204&stab=02&ys=2017RS
Roll Call	https://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=sb0111,h-1023&stab=02&ys=2017RS