SB189 Alabama 2019 Session
Bill Summary
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.
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.
This bill would modify the rate and further provide for the distribution of the mortgage record tax in order to provide a dedicated revenue for the Alabama Housing Trust Fund.
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 further provide for the distribution of the mortgage record tax in order to provide a dedicated revenue for the Alabama Housing Trust Fund.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 2, 2019 | S | Read for the first time and referred to the Senate committee on Governmental Affairs |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB189 Alabama 2019 Session - Introduced |
Source: Alabama Legislature