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2009 SESSION

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HB 1823 Recordation taxes; changes basis on which taxes are calculated on transfer of real estate.

Introduced by: David B. Albo | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Recordation taxes; basis.  Changes the basis on which recordation taxes are calculated on the transfer of real estate to (i) the stated consideration for the real estate, or (ii) when the consideration is nominal or when the sale is through foreclosure or other similar sale, the appraised value of the property. Under current law the basis is the consideration for the real estate or the value of the real estate, whichever is greater.

FULL TEXT

• 01/12/09  House: Prefiled and ordered printed; offered 01/14/09 097764404  pdf | impact statement

HISTORY

• 01/12/09  House: Prefiled and ordered printed; offered 01/14/09 097764404
• 01/12/09  House: Referred to Committee on Finance
• 01/16/09  House: Assigned Finance sub: 2
• 01/28/09  House: Subcommittee recommends incorporating into HB2135 by voice vote
• 02/02/09  House: Incorporated by Finance (HB2135-Miller, J.H.) by voice vote