SB242 Alabama 2018 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 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 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 |
|---|---|---|
| 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 |