HB219 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Deed recording, judge of probate, person must present proof of actual purchase price, Sec. 40-22-1 am'd
Description
<p class="bill_description"> Under existing law, a person who presents a
deed, bill of sale, or other instrument conveying
any real or personal property within this state or
any interest in any such property to the judge of
probate for recording must pay a privilege or
license tax based upon the value of the property;
however, there is no requirement to submit proof of
the purchase price or value of the property at the
time the instrument is presented for recording</p><p class="bill_description">
This bill would provide that a person
presenting a real property or personal property
instrument to the judge of probate for recording
shall present proof of the actual purchase price of
property or actual value of the property, and that
if proof is not presented, the privilege or license
tax will be based upon the assessed value of the
property and the person failing to submit the
required proof shall be subject to monetary
penalties for failure to comply with the law</p><p class="bill_entitled_an_act"> To amend Section 40-22-1, Code of Alabama 1975, to
require that a person presenting a deed, bill of sale, or
other instrument conveying any real or personal property
within this state or any interest in any such property to the
judge of probate for recording shall present proof of the
actual purchase price of property or actual value of the
property, and that if such proof is not presented, the
privilege or license tax will be based upon the assessed value
of the property and the person failing to submit the required
proof shall be subject to monetary penalties for failure to
comply with the law.
</p>
Subjects
Ad Valorem Tax
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 9, 2012 | Pending third reading on day 10 Favorable from Commerce and Small Business with 4 amendments | |
| May 9, 2012 | Indefinitely Postponed | |
| March 1, 2012 | Commerce and Small Business first Amendment Offered | |
| March 1, 2012 | Commerce and Small Business third Amendment Offered | |
| March 1, 2012 | Commerce and Small Business fourth Amendment Offered | |
| March 1, 2012 | Read for the second time and placed on the calendar 4 amendments | |
| February 7, 2012 | Read for the first time and referred to the House of Representatives committee on Commerce and Small Business |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB219 Alabama 2012 Session - Introduced |