Amends TCA Title 67, Chapter 4, Part 4.
As introduced, exempts from recordation tax, transfers by a transferor of real estate to a limited liability company, a corporation, or a partnership when the transferor is a member, stockholder, or partner, respectively, as a capital contribution to the business entity or a transfer from such entity to such existing member, stockholder, or partner as a distribution from such business entity.
As introduced, exempts from recordation tax, transfers by a transferor of real estate to a limited liability company, a corporation, or a partnership when the transferor is a member, stockholder, or partner, respectively, as a capital contribution to the business entity or a transfer from such entity to such existing member, stockholder, or partner as a distribution from such business entity.
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Stevens, John
112th General Assembly
February 10, 2021
February 23, 2021
Refer to Senate Finance, Ways & Means Revenue Subcommittee