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2012 SESSION
HB 1082 Recordation tax; eliminates exemption for certain deeds of trust securing a refinanced obligation.
Introduced by: Timothy D. Hugo | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Recordation tax. Eliminates the recordation tax exemption for certain deeds of trust securing a refinanced obligation, and establishes a reduced tax for all refinancing deeds of trust or mortgages that is equal to a maximum of 18 cents ($0.18) per $100 of the amount refinanced. Under current law, there is an exemption for a deed of trust or mortgage that is refinanced with the same lender on the principal amount of the original debt; all other such instruments of refinancing are subject to the tax at rates higher than the new rates established in the bill.
FULL TEXT
HISTORY
- 01/11/12 House: Prefiled and ordered printed; offered 01/11/12 12102507D
- 01/11/12 House: Referred to Committee on Finance
- 01/20/12 House: Assigned Finance sub: #1
- 02/06/12 House: Subcommittee recommends reporting (8-Y 2-N)
- 02/06/12 House: Reported from Finance (16-Y 6-N)
- 02/07/12 House: Read first time
- 02/08/12 House: Passed by for the day
- 02/09/12 House: Passed by for the day
- 02/10/12 House: Passed by for the day
- 02/13/12 House: Read second time
- 02/13/12 House: Motion to rerefer to committee agreed to
- 02/13/12 House: Rereferred to Finance
- 02/14/12 House: Left in Finance