2012 Regular Session


File Code: Taxes - Recordation and Transfer Crossfiled with: SENATE BILL 574
Sponsored By:
Delegate Kipke (By Request - Anne Arundel County Administration)
Recordation Tax - Public Utilities - Indemnity Mortgages


Providing that secured debt with respect to specified indemnity mortgages on specified public utility property securing a guarantee of repayment of a loan is deemed for purposes of the recordation tax to be incurred when and to the same extent as debt is incurred on the guaranteed loan and the recordation tax applies with respect to these indemnity mortgages in a specified manner; defining terms; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
First Reading Ways and Means
Hearing 3/7 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Nicholaus R. Kipke, District 31
Anne Arundel County Administration

Bill indexed under the following Subjects:

Loans -see also- Mortgages
Power Plants
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Utilities -see also- High Voltage Lines; Telephones; Water

Bill affects the following Statute:

Tax - Property
( 12-105 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered