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2015 SESSION

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SB 999 Deeds of trust or mortgages; calculation of tax shall be calculated using rate scale, etc.

Introduced by: Richard H. Stuart | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

State recordation taxes and fees. Clarifies and makes substantive and technical changes to state recordation taxes and fees, including requiring that the recordation tax on any deed of trust that is supplemental to an existing deed of trust be calculated only on that portion of the debt that is in addition to the original debt on which the tax has been paid. Under current law, such calculation of the recordation tax is restricted to supplemental deeds of trust with the same lender. This bill is identical to HB 2161.


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