HB67: Recordation tax; additional distribution to localities.

Chief Patron

Lynwood Lewis (D-100)
Accomac, VA
Served: 2004–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

01/18/2006: In Finance Committee

View Entire History

Summary

State recordation tax; additional distribution to localities. Provides that 50% of the amount of state recordation taxes collected that are attributable to deeds and other instruments recorded shall be apportioned and distributed annually to or for each such county or city, beginning June 30, 2007. This provision applies to any county or city that has a Purchase of Development Rights program in effect, or has filed a statement of intent with the Virginia Department of Agriculture and Consumer Services that it will create such a program within three years or less from the date of such filing. View Full Text »

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Bill Text

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