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2007 Regular Session bill information current as of October 3, 2007 - 11:19 p.m.
Sponsors Title Synopsis History Sponsor List Subjects Statutes Documents Another Session Another Bill

HOUSE BILL 475

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

Entitled:
Public School Construction Assistance Act of 2007

Synopsis:

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 Explain Legislative Date and Calendar Date

House Action
2/6
First Reading Ways and Means & Appropriations
2/12
Hearing 3/1 at 11:00 a.m.
3/21
Favorable with Amendments Report by Ways and Means
3/18
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (101-35)
Senate Action
3/22
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:

Appropriations
Assessments and Taxation, Department of
Associations -see also- Cooperative Associations
Construction
Corporations -see also- Municipal Corps; Public Corps & Inst
Counties -see also- Chartered Counties; Code Counties
Exemptions
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Forests and Parks -see also- Program Open Space; Trees
Interest
Limited Liability Companies
Local Government Mandates
Mergers and Acquisitions
Natural Resources, Department of
Partnerships
Penalties
Public Schools
Real Estate Investment Trusts
Real Property
Recordation
Reports
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 )

Documents:

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):
House
Number: 435868/04     Offered on: March 21, 2007   at: 10:52 a.m.     Status: Adopted

Roll Call Vote (Legislative date is shown):
House
March 19, 2007: Third Reading Passed (101-35)



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