Recordation tax; additional distribution to localities. (HB67)

Introduced By

Del. Lynwood Lewis (D-Accomac)

Description

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. Amends § 58.1-816 (“Distribution of recordation tax to cities and counties.”), of the Code of Virginia. View Full Text »

Outcome

No Richmond Sunlight visitors voted on this bill while voting was open.