Recordation Tax - Indemnity Mortgage Exemption - Threshold Amount
Sponsor: Delegate AttarCommittee: Ways and MeansSubject: Taxes - Recordation and TransferStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 800 (as of Nov 9, 2023)
What this bill does
Official synopsis
Altering the threshold amount for certain indemnity mortgage transactions that are exempt from the recordation tax from less than $3,000,000 to less than $12,500,000; and applying the Act to instruments of writing recorded on or after July 1, 2024.
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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (14)
MGA witness listFAV 7FavorableUNF 7Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Graf, Lorilobbyist | Maryland Building Industry Association | Oral + Written (PDF) |
| FAV | Enten, Robert | Md Bankers Assoc | Oral |
| FAV | Perlow, Howard | Residential Title and Escrow | Oral |
| FAV | Castelli, Williamlobbyist | Rifkin, Weiner, Livingston LLC | Written (PDF) |
| FAV | Ballentine, Tom | Individual | Oral + Written (PDF) |
| FAV | Delegate Attar, Delegate Attarlegislator | Individual | Oral |
| FAV | Lininger, Brettlobbyist | Individual | Oral + Written (PDF) |
| UNF | Fox, Diane | Frederick County, Maryland | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Oral + Written (PDF) |
| UNF | Machen, John (Jack) | Mayor & City Council of Baltimore | Written (PDF) |
| UNF | Themelis, Nina | Mayor's Office of Government Relations | Written (PDF) |
| UNF | Ashbarry, Trevor | Montgomery County Attorney's Office | Oral |
| UNF | Coveyou, Mike | Montgomery County, Director of Finance | Oral |
| UNF | Fiore, Justin | Individual | Position only |
Organizations on record
Md Bankers AssocFAV 1
Registered lobbyists who testified
FAVGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association
FAVCastelli, WilliamRifkin, Weiner, Livingston LLCRegistered for: ASC Engineered Solutions; Berkshire Hathaway Energy GT&S, LLC; Board of County Commissioners of Allegany County, MD; Brown Advisory; Cable Telecommunications Association of Maryland, Delaware and D.C., Inc.; Colonial Pipeline Company…
FAVLininger, BrettRegistered for: Aflac (American Family Life Assurance Company); Amazon.com Services, LLC; American International Group; Boyd Gaming Corporation; Brookfield Power US Asset Management LLC; Centers for Better Insurance, LLC…