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2017 SESSION
HB 1489 Recordation tax; exemption for certain limited liability companies & limited/general partnerships.
Introduced by: Jason S. Miyares | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Recordation tax exemption; certain limited liability companies and limited or general partnerships. Provides a recordation tax exemption for deeds transferring property (i) to a subsidiary limited liability company or partnership from its parent limited liability company or partnership, (ii) from a subsidiary limited liability company or partnership to a parent limited liability company or partnership, (iii) to a limited liability company or partnership from a commonly owned limited liability company or partnership, or (iv) to a limited liability company or limited or general partnership from a commonly owned limited liability company or limited or general partnership, if the transaction qualifies for nonrecognition of gain or loss under the Internal Revenue Code.
FULL TEXT
HISTORY
- 12/14/16 House: Prefiled and ordered printed; offered 01/11/17 17101246D
- 12/14/16 House: Referred to Committee on Finance
- 01/11/17 House: Assigned Finance sub: Subcommittee #1
- 01/25/17 House: Subcommittee recommends laying on the table by voice vote
- 02/07/17 House: Left in Finance