MD SB476 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on March 17 2023 - 50% progression, died in chamber
Action: 2023-04-10 - Senate Requests House Recede
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 17 2023 - 50% progression, died in chamber
Action: 2023-04-10 - Senate Requests House Recede
Text: Latest bill text (Engrossed) [PDF]
Summary
Increasing the threshold amount for certain indemnity mortgage transactions that are exempt from the recordation tax from $3,000,000 to $12,500,000; and applying the Act to all instruments of writing recorded on or after July 1, 2024.
Title
Recordation Tax - Indemnity Mortgage Exemption - Threshold Amount
Sponsors
Roll Calls
2023-04-10 - House - Third Reading Passed (Y: 137 N: 0 NV: 3 Abs: 0) [PASS]
2023-03-17 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 2 Abs: 0) [PASS]
2023-03-17 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-04-10 | Senate | Senate Requests House Recede |
| 2023-04-10 | Senate | Senate Refuses Concur House Amendments |
| 2023-04-10 | House | Third Reading Passed (137-0) |
| 2023-04-07 | House | Second Reading Passed with Amendments |
| 2023-04-07 | House | Favorable with Amendments {293320/1 Adopted |
| 2023-04-07 | House | Favorable with Amendments Report by Ways and Means |
| 2023-03-21 | House | Hearing 3/28 at 1:00 p.m. |
| 2023-03-20 | House | Referred Ways and Means |
| 2023-03-17 | Senate | Third Reading Passed (45-0) |
| 2023-03-17 | Senate | Second Reading Passed with Amendments |
| 2023-03-17 | Senate | Favorable with Amendments {243621/1 Adopted |
| 2023-03-17 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2023-02-03 | Senate | Hearing 2/22 at 1:00 p.m. |
| 2023-02-03 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB371 (Crossfiled) 2023-05-28 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 800
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - Property | 12 | 105 | (n/a) | See Bill Text |
