2007 Regular Session


File Code: Taxes - Recordation and Transfer Prior Year Introduction As: HB 1294/06 - W&M & APP
Sponsored By:
Delegates Healey, Cardin, G. Clagett, V. Clagett, Davis, Gaines, Gilchrist, Haynes, Heller, Hixson, Howard, Hubbard, Ivey, James, Kaiser, N. King, Love, Montgomery, Niemann, Pendergrass, Rice, Ross, Stukes, F. Turner, and Walker
Public School Construction Assistance Act of 2007


Imposing recordation and transfer taxes on the transfer of controlling interest in an entity that owns interests in real property in Maryland that constitute at least 80% of the value of the entity's assets and have an aggregate value of at least $1,000,000; requiring specified local recordation tax revenues and specified State transfer tax revenues for fiscal 2008 through 2011 to be dedicated to public school construction and renovation; etc.

History by Legislative and Calendar Date

House Action
First Reading Ways and Means & Appropriations
Hearing 3/1 at 11:00 a.m.
Favorable with Amendments Report by Ways and Means
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
Third Reading Passed (101-35)
Senate Action
First Reading Budget and Taxation

Sponsored by:

Delegate Anne Healey, District 22
Delegate Jon S. Cardin, District 11
Delegate Virginia P. Clagett, District 30
Delegate Galen R. Clagett, District 3A
Delegate Dereck E. Davis, District 25
Delegate Tawanna P. Gaines, District 22
Delegate Jim Gilchrist, District 17
Delegate Keith E. Haynes, District 44
Delegate Henry B. Heller, District 19
Delegate Sheila E. Hixson, District 20
Delegate Carolyn J. B. Howard, District 24
Delegate James W. Hubbard, District 23A
Delegate Jolene Ivey, District 47
Delegate Mary-Dulany James, District 34A
Delegate Anne R. Kaiser, District 14
Delegate Nancy J. King, District 39
Delegate Mary Ann E. Love, District 32
Delegate Karen S. Montgomery, District 14
Delegate Doyle L. Niemann, District 47
Delegate Shane E. Pendergrass, District 13
Delegate Craig L. Rice, District 15
Delegate Justin D. Ross, District 22
Delegate Melvin Stukes, District 44
Delegate Frank S. Turner, District 13
Delegate Jay Walker, District 26

Bill indexed under the following Subjects:

Assessments and Taxation, Department of
Associations -see also- Cooperative Associations
Corporations -see also- Municipal Corps; Public Corps & Inst
Counties -see also- Chartered Counties; Code Counties
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Forests and Parks -see also- Program Open Space; Trees
Limited Liability Companies
Local Government Mandates
Mergers and Acquisitions
Natural Resources, Department of
Public Schools
Real Estate Investment Trusts
Real Property
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Salaries -see also- Overtime; Reimbursement Rates
State Aid
State Employees
Transfer Tax

Bill affects the following Statutes:

Tax - Property
( 12-110 , 12-110 , 12-116 , 13-103 , 13-209 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Number: 435868/04     Offered on: March 21, 2007   at: 10:52 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
March 19, 2007: Third Reading Passed (101-35)