Recordation tax; taxes levied on deeds and contracts. (HB2291)
Introduced By
Del. Jennifer McClellan (D-Richmond)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
State recordation tax; exemptions. Provides that the state recordation tax levied on every deed admitted to record and on every contract or memorandum thereof relating to real or personal property admitted to record shall not apply to any deed conveying real estate or lease of real estate to the surviving or new limited partnership or business trust upon a merger or consolidation to which two or more such entities are parties, or in a reorganization within the meaning of 368 (a) (1) (C) and (F) of the Internal Revenue Code as amended. Amends § 58.1-811, of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
History
- 01/09/2007 Committee
- 01/09/2007 Prefiled and ordered printed; offered 01/10/07 071645402
- 01/09/2007 Referred to Committee on Finance
- 01/30/2007 Impact statement from TAX (HB2291)