SB242 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2018
Title
Mortgages, fee increase for recording of mortgages, deeds of trust, distribution of proceeds to Alabama Housing Trust Fund, Sec. 40-22-2 am'd.
Description
<p class="bill_description"> Under existing law, a fee is required to
record certain mortgages, deeds of trust, contracts
of conditional sale, or other instruments of like
character which is given to secure the payment of
any debt which conveys any real or personal
property</p><p class="bill_description">
This bill would increase the fee for
recording of certain mortgages, deeds of trust,
contracts of conditional sale, or other instruments
of like character which is given to secure the
payment of any debt which conveys any real or
personal property</p><p class="bill_description">
This bill would modify the rate and
distribution of the mortgage record tax in order to
provide a dedicated revenue for the Alabama Housing
Trust Fund</p><p class="bill_entitled_an_act"> To amend Section 40-22-2, Code of Alabama 1975; to
increase the fee for recording of certain mortgages, deeds of
trust, contracts of conditional sale, or other instruments of
like character which is given to secure the payment of any
debt which conveys any real or personal property; and to
modify the rate and distribution of the mortgage record tax in
order to provide a dedicated revenue for the Alabama Housing
Trust Fund.
</p>
Subjects
Mortgages
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 30, 2018 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 28, 2018 | Room 727 **BILL ADDED** at 09:30 | Senate F&TG Hearing |
| Hearing | April 26, 2017 | ROOM 610 at 10:30 | House M&VA Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB242 Alabama 2018 Session - Introduced |