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HB 1072 - Recordation and Transfer Taxes - Oil or Gas Mineral Interests
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Tracking Level: No Position
Sponsor: Delegate Heather R. Mizeur, District 20
Last Action: 2/15/2012 - H Hearing 3/7 at 1:00 p.m.
House Committee: House Committee on Ways and Means
Assigned To:
AndreaNext Bill
Taxes and RevenuesNext Bill

Staff Analysis of the Legislation


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-HB 1072
2012 Regular Session

HOUSE BILL 1072

File Code: Taxes - Recordation and Transfer
Sponsored By:
Delegates Mizeur, Bobo, Carr, Frush, Luedtke, Nathan-Pulliam, Niemann, S. Robinson, and Washington
Entitled:
Recordation and Transfer Taxes - Oil or Gas Mineral Interests

Synopsis:

Clarifying that recordation and transfer taxes apply to an instrument of writing that conveys title to, or a leasehold interest in, an oil or gas mineral interest; increasing to 2% the State transfer tax rate that applies to an instrument of writing that conveys title to, or a leasehold interest in, an oil or gas mineral interest; and defining specified terms.

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
2/10
First Reading Ways and Means
2/15
Hearing 3/7 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Heather R. Mizeur, District 20
Delegate Elizabeth Bobo, District 12B
Delegate Alfred C. Carr, Jr., District 18
Delegate Barbara Frush, District 21
Delegate Eric G. Luedtke, District 14
Delegate Shirley Nathan-Pulliam, District 10
Delegate Doyle L. Niemann, District 47
Delegate Shane Robinson, District 39
Delegate Mary L. Washington, District 43

Bill indexed under the following Subjects:

Deeds
Fuel -see also- Coal
Leases and Rent
Mortgages
Real Property
Recordation
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Transfer Tax

Bill affects the following Statutes:

Tax - Property
( 12-101 , 12-101 , 12-102 , 12-103 , 13-101 , 13-202 , 13-203 , 13-209 )

Documents

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