MD SB263 | 2024 | Regular Session
Status
Spectrum: Committee Bill
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-01-09 - Hearing 1/18 at 12:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-01-09 - Hearing 1/18 at 12:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring that real property be revalued during a 3-year assessment cycle if, within 1 year after the assessment of a property is reduced due to an appeal, the property transfers for consideration that exceeds the value of the property before the reduction of the assessment.
Title
Real Property Assessments - Revaluation of Property on Transfer After Appeal
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-09 | Senate | Hearing 1/18 at 12:00 p.m. |
| 2024-01-10 | Senate | First Reading Budget and Taxation |
| 2023-09-10 | Senate | Pre-filed |
Same As/Similar To
HB20 (Crossfiled) 2024-01-05 - Hearing 1/17 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - Property | 8 | 104 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0263?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0263f.pdf |
