Introduced
by
To extend the .75 percent state real estate transfer tax to contracts for the transfer or acquisition of a controlling interest in any entity with an interest in property, even though that interest may be designated as personal property. Such transfers are reportedly a method to avoid the tax. A property transfer from a corporation or a limited liability company to its owners or members, or its creditors, for purposes of dissolving the company would be exempt, however.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that expands its scope to deal with issues such as when the transfer tax is considered due, and the treatment of sales by land contract, and more. This version was superseded by another substitute with more changes.
The substitute failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that expands its scope to deal with issues such as when the transfer tax is considered due, and the treatment of sales by land contract, and more.
The substitute passed by voice vote
Amendment offered
by
To make the bill retroactive to the beginning of 2008.
The amendment passed by voice vote
Passed in the House 80 to 20 (details)
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 30 to 1 (details)
To extend the .75 percent state real estate transfer tax to contracts for the transfer or acquisition of a controlling interest in any entity with an interest in property, even though that interest may be designated as personal property. Such transfers are reportedly a method to avoid the tax. A property transfer from a corporation or a limited liability company to its owners or members, or its creditors, for purposes of dissolving the company would be exempt, however.
To concur with the Senate-passed version of the bill.
Passed in the House 66 to 25 (details)
