Summary of HB08-1237
Short Title: Regulate 1031 Qualified Intermediaries

Sponsors: Judd

Requires registration of persons and entities that facilitate like-kind exchanges pursuant to the federal tax code ("qualified intermediaries and qualified intermediary officers"). Specifies procedures for qualified intermediaries and qualified intermediary officers and prohibits certain practices. Gives the director of the division of registrations within the department of regulatory agencies rule-making and regulatory authority. Establishes registration standards. Requires record-keeping. Specifies complaint, investigation, and disciplinary procedures. Repeals the law in the year 2018, subject to sunset review.

Status
01/30/2008 Introduced In House - Assigned to Business Affairs and Labor
02/28/2008 House Committee on Business Affairs and Labor Witness Testimony and/or Committee Discussion Only
03/10/2008 House Committee on Business Affairs and Labor Postpone Indefinitely

Fiscal Notes Status

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