MD SB597 | 2016 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: Passed on April 26 2016 - 100% progression
Action: 2016-04-26 - Approved by the Governor - Chapter 223
Text: Latest bill text (Chaptered) [PDF]

Summary

Altering a specified exemption from recordation and transfer taxes so as to provide that a transfer of a controlling interest in a real property entity is not subject to recordation and transfer taxes if the transfer of the real property owned by the real property entity between the same transferor and transferee of the controlling interest under the same circumstances would have been exempt under specified provisions of law; etc.

Tracking Information

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Title

Recordation and Transfer Taxes - Transfer of Controlling Interest - Exemptions

Sponsors


Roll Calls

2016-04-01 - House - House Floor - Third Reading Passed (137-0) (Y: 137 N: 0 NV: 1 Abs: 3) [PASS]
2016-03-18 - Senate - Senate Floor - Third Reading Passed (46-0) (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2016-04-26SenateApproved by the Governor - Chapter 223
2016-04-08SenateReturned Passed
2016-04-07HouseThird Reading Passed (137-0)
2016-04-06HouseSecond Reading Passed
2016-04-06HouseFavorable Report Adopted
2016-04-06HouseFavorable Report by Ways and Means
2016-03-30HouseHearing 3/30 at 1:00 p.m.
2016-03-21HouseFirst Reading Ways and Means
2016-03-18SenateThird Reading Passed (46-0)
2016-03-17SenateSecond Reading Passed with Amendments
2016-03-17SenateFavorable with Amendments {179435/1 Report Adopted
2016-03-17SenateFavorable with Amendments Report by Budget and Taxation
2016-03-11SenateHearing 3/11 at 1:00 p.m.
2016-02-15SenateHearing cancelled
2016-03-02SenateHearing 3/02 at 1:00 p.m.
2016-02-05SenateFirst Reading Budget and Taxation

Subjects


Maryland State Sources

TypeSource
Summaryhttps://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0597?ys=2016rs
Texthttps://mgaleg.maryland.gov/2016RS/bills/sb/sb0597f.pdf
Texthttps://mgaleg.maryland.gov/2016RS/bills/sb/sb0597t.pdf
Texthttps://mgaleg.maryland.gov/2016RS/Chapters_noln/CH_223_sb0597t.pdf
Amendmenthttps://mgaleg.maryland.gov/2016RS/amds/bil_0007/sb0597_17943501.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/fnotes/bil_0007/sb0597.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/votes_comm/sb0597_b&t.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/votes_comm/sb0597_w&m.pdf
Roll Callhttps://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=sb0597,s-0608&stab=02&ys=2016RS
Roll Callhttps://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=sb0597,h-1118&stab=02&ys=2016RS

Bill Comments

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