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2009 SESSION

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HB 2135 Recordation/grantor tax; penalty if understatement of consideration is false with intent to evade.

Introduced by: Jackson H. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Recordation taxes; basis.  Changes from a Class 2 to a Class 1 misdemeanor the criminal penalty for knowingly misrepresenting the consideration for the interest in property conveyed for purposes of recordation and grantor taxes.  The bill also would provide a penalty equal to 100 percent of the tax due on the understatement of the consideration in cases in which the understatement is false or fraudulent with the intent to evade a tax.  The bill incorporates HB 1823.


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