Recordation/grantor tax; penalty if understatement of consideration is false with intent to evade. (HB2135)
Introduced By
Del. Jackson Miller (R-Manassas)
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
Recordation taxes; basis. Changes the basis on which recordation taxes are calculated on the transfer of real estate to the stated consideration for the real estate. Under current law the basis is the consideration for the real estate or the value of the real estate, whichever is greater. View Full Text »

