Recordation Exemptions for Merging LLCs
Purpose of legislation
Expand the current recordation tax exemption for merging corporations, partnerships and limited liability companies to include limited partnerships, and business trusts as defined by Internal Revenue Code. This bill would also clarify provisions of the Limited Liability Company Statutes found in Va. Code § 13.1.
|Legislation mandating a change||Chap 639 (2007) Chap 233 (2007)|
|VAC chapters to be amended|
|Associated Regulatory Actions||No regulatory action has been filed.|