Recordation tax; eliminates exemption for certain deeds of trust securing a refinanced obligation. (HB1082)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/11/2012 | Committee |
01/11/2012 | Prefiled and ordered printed; offered 01/11/12 12102507D |
01/11/2012 | Referred to Committee on Finance |
01/20/2012 | Assigned Finance sub: #1 |
01/28/2012 | Impact statement from TAX (HB1082) |
02/06/2012 | Subcommittee recommends reporting (8-Y 2-N) |
02/06/2012 | Reported from Finance (16-Y 6-N) (see vote tally) |
02/07/2012 | Read first time |
02/08/2012 | Passed by for the day |
02/09/2012 | Passed by for the day |
02/10/2012 | Passed by for the day |
02/13/2012 | Read second time |
02/13/2012 | Motion to rerefer to committee agreed to |
02/13/2012 | Rereferred to Finance |
02/14/2012 | Left in Finance |