Recordation tax; changes basis of calculation on transfer of real estate. (SB551)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Recordation taxes; basis. Changes the basis on which recordation taxes are calculated on the transfer of real estate to the stated consideration for the real estate. Under current law the basis is the consideration for the real estate or the value of the real estate, whichever is greater. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/09/2008 | Prefiled and ordered printed; offered 01/09/08 080624556 |
01/09/2008 | Referred to Committee on Finance |
01/19/2008 | Impact statement from TAX (SB551) |
01/30/2008 | Continued to 2009 in Finance (16-Y 0-N) (see vote tally) |
12/05/2008 | Left in Finance |