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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2020 Alabama Legislative Regular Session
  5. 2020 Alabama Senate Bills
  6. SB103 Alabama 2020 Session

SB103 Alabama 2020 Session

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In Committee
Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Calendar
  • 4 Bill Text
  • 5 Bill Documents

Bill Summary

Sponsors
  • Linda Coleman-Madison
Session
Regular Session 2020
Title
Taxation, recordation tax, mortgages, deeds of trust, etc., recording fee and the distribution thereof further provided, Sec. 40-22-2 am'd.
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

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

This bill would also make nonsubstantive, technical revisions to update the existing code language to current style

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; 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; and to make nonsubstantive, technical revisions to update the existing code language to current style.

Subjects
Mortgages

Bill Actions

Action Date Chamber Action
February 18, 2020 S Rereferred to Committee Finance and Taxation General Fund
February 4, 2020 S Read for the first time and referred to the Senate committee on Governmental Affairs

Bill Calendar

Type Date Location Description
Hearing February 19, 2020 825 at 00:00 Senate F&TG Hearing

Bill Text

Download SB103 Alabama 2020 Session PDF

Bill Documents

Type Link
Bill Text SB103 Alabama 2020 Session - Introduced
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