Amends TCA Title 66, Chapter 5, Part 1 and Title 67, Chapter 4, Part 4.
ON MARCH 17, 2022, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2196, AS AMENDED. AMENDMENT #1 clarifies that a deed that contains language evidencing an intent to convey a deed in fee with general warranty must be taxed as a transfer of a freehold estate and specifies that the recordation tax provisions do not affect the validity of the underlying transfer or conveyance.
ON MARCH 17, 2022, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2196, AS AMENDED. AMENDMENT #1 clarifies that a deed that contains language evidencing an intent to convey a deed in fee with general warranty must be taxed as a transfer of a freehold estate and specifies that the recordation tax provisions do not affect the validity of the underlying transfer or conveyance.
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