MD HB420 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on February 4 2011 - 25% progression, died in committee
Action: 2011-02-09 - Hearing 2/23 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 4 2011 - 25% progression, died in committee
Action: 2011-02-09 - Hearing 2/23 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Providing that, for purposes of the recordation tax, secured debt with respect to an indemnity mortgage, deed of trust, or other security interest in real property securing a guarantee of repayment of a loan for less than $5,000,000 for which the guarantor is not primarily liable is deemed to be incurred as debt is incurred on the guaranteed loan and the recordation tax applies as if the guarantor were primarily liable for the guaranteed loan; etc.
Title
Recordation Tax - Indemnity Mortgages
Sponsors
| Del. Charles Barkley [D] | Del. Rudolph Cane [D] | Del. Alfred Carr [D] | Del. Ana Gutierrez [D] |
| Del. Tom Hucker [D] | Del. Anne Kaiser [D] | Del. Eric Luedtke [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-09 | Hearing 2/23 at 1:00 p.m. | |
| 2011-02-04 | First Reading Ways and Means |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2011rs/billfile/HB0420.htm |
| Text | http://mlis.state.md.us/2011rs/bills/hb/hb0420f.pdf |
