CS/CS/SB 728 (2009) - Excise Tax on Documents [WPSC]

General Bill by Finance and Tax and Judiciary and Bennett

Excise Tax on Documents [WPSC]: Imposes the tax on deeds, instruments, and other writings on the consideration for a transfer of real property pursuant to a short sale. Provides that the consideration subject to the tax does not include unpaid indebtedness that is forgiven by a mortgagee. Defines the term "short sale." Authorizes the Department of Revenue to adopt criteria by rule indicating that a purported short sale is not an arm's length transaction.

Effective Date: 07/01/2009

Last Event: 04/27/09 S Laid on Table -SJ 00624 on Monday, April 27, 2009 4:20 PM

Referred Committees and Committee Actions

Senate Referrals

Judiciary
- On agenda for: 02/18/09 9:00 AM
- Favorable With Committee Substitute (final action) Votes: Yeas 8 Nays 0
Finance and Tax
- On agenda for: 04/02/09 1:15 PM
- Favorable With Committee Substitute (final action) Votes: Yeas 5 Nays 0
Policy and Steering Committee on Ways and Means
- On agenda for: 04/21/09 1:30 PM
- Favorable (final action) Votes: Yeas 21 Nays 0

Related Bills

Bill #	Subject	Relationship
Bill #: CS/CS/HB 55	Subject: Excise Tax on Documents	Relationship: Similar

Bill Text

Committee Substitute 2
- A 621142 Date Filed: 04/24/09, Line#: 164 Senate: Adopted 4/27/2009 4:20:07 PM
Committee Substitute 1
- A 924612 Date Filed: 04/01/09, Line#: 159
Original Filed Version
- A 345254 Date Filed: 02/17/09, Line#: 9

Staff Analysis

Chamber	Committee
Chamber: Senate	Committee: Policy and Steering Committee on Ways and Means 4/22/2009 3:32:21 PM
Chamber: Senate	Committee: Finance and Tax 4/3/2009 3:08:07 PM
Chamber: Senate	Committee: Judiciary 2/18/2009 3:37:27 PM

Vote History

(No Votes Recorded)

Bill History

Event	Time	Member	Committee	Ver.
Event: S Laid on Table -SJ 00624	Time: 04/27/2009 - 4:20 PM	Member:	Committee:	Version: c2
Event: S Substituted CS/CS/HB 55 (Died in House returning Messages) -SJ 00624	Time: 04/27/2009 - 4:20 PM	Member:	Committee:	Version: c2
Event: S Amendment(s) adopted (621142) -SJ 00624	Time: 04/27/2009 - 4:20 PM	Member:	Committee:	Version: c2
Event: S Read 2nd time -SJ 00624	Time: 04/27/2009 - 4:18 PM	Member:	Committee:	Version: c2
Event: S Placed on Special Order Calendar	Time: 04/23/2009 - 6:46 PM	Member:	Committee:	Version: c2
Event: S Placed on Calendar, on 2nd reading -SJ 00507	Time: 04/22/2009 - 5:18 PM	Member:	Committee:	Version: c2
Event: S Favorable by- Policy & Steering Committee on Ways and Means; YEAS 21 NAYS 0 -SJ 00507	Time: 04/21/2009 - 5:07 PM	Member:	Committee:	Version: c2
Event: S On Committee agenda-- Policy & Steering Committee on Ways and Means, 04/21/09, 1:30 pm, 412-K	Time: 04/16/2009 - 8:41 PM	Member:	Committee:	Version: c2
Event: S Now in Policy & Steering Committee on Ways and Means -SJ 00321	Time: 04/06/2009 - 12:13 PM	Member:	Committee:	Version: c2
Event: S Original reference(s) removed: General Government Appropriations	Time: 04/06/2009 - 12:13 PM	Member:	Committee:	Version: c2
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute)	Time: 04/03/2009 - 3:46 PM	Member:	Committee:	Version: c2
Event: S CS read 1st time on 04/07/09 -SJ 00312	Time: 04/02/2009 - 1:52 PM	Member:	Committee:	Version: c2
Event: S CS/CS by Finance and Tax; YEAS 5 NAYS 0 -SJ 00309	Time: 04/02/2009 - 1:52 PM	Member:	Committee:	Version: c2
Event: S On Committee agenda-- Finance and Tax, 04/02/09, 1:15 pm, 301-S	Time: 03/30/2009 - 5:29 PM	Member:	Committee:	Version: c2
Event: S On Committee agenda-- Finance and Tax, 04/01/09, 9:00 am, 301-S --Temporarily postponed	Time: 03/27/2009 - 4:06 PM	Member:	Committee:	Version: c2
Event: S On Committee agenda-- Finance and Tax, 03/31/09, 4:30 pm, 301-S --Temporarily postponed	Time: 03/26/2009 - 5:21 PM	Member:	Committee:	Version: c2
Event: S Now in Finance and Tax -SJ 00118	Time: 03/02/2009 - 6:02 PM	Member:	Committee:	Version: c2
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute)	Time: 03/02/2009 - 6:02 PM	Member:	Committee:	Version: c2
Event: S CS read 1st time on 03/03/09 -SJ 00116	Time: 03/02/2009 - 6:02 PM	Member:	Committee:	Version: c2
Event: S CS by Judiciary; YEAS 8 NAYS 0 -SJ 00118	Time: 03/02/2009 - 6:02 PM	Member:	Committee:	Version: c2
Event: S On Committee agenda-- Judiciary, 02/18/09, 9:00 am, 110-S	Time: 03/02/2009 - 6:02 PM	Member:	Committee:	Version: c2
Event: S Introduced, referred to Judiciary; Finance and Tax; General Government Appropriations; Policy & Steering Committee on Ways and Means -SJ 00046	Time: 03/02/2009 - 6:02 PM	Member:	Committee:	Version: c2
Event: S Now in Finance and Tax	Time: 02/19/2009 - 10:37 AM	Member:	Committee:	Version: c2
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute)	Time: 02/19/2009 - 10:37 AM	Member:	Committee:	Version: c2
Event: S CS by Judiciary; YEAS 8 NAYS 0	Time: 02/18/2009 - 11:06 AM	Member:	Committee:	Version: c2
Event: S On Committee agenda-- Judiciary, 02/18/09, 9:00 am, 110-S	Time: 02/09/2009 - 8:46 AM	Member:	Committee:	Version: c2
Event: S Referred to Judiciary; Finance and Tax; General Government Appropriations; Policy & Steering Committee on Ways and Means	Time: 01/23/2009 - 10:52 AM	Member:	Committee:	Version: c2
Event: S Filed	Time: 01/14/2009 - 2:52 PM	Member:	Committee:	Version: c2

Statutes Referenced by this Bill

Statute	Other Bill Citations
0201.02	SB 1140, SB 1510, SB 1960, CS/CS/CS/SB 2430