Recordation tax; collection to be transferred to Water Quality Improvement Fund. (SB413)
Introduced By
Sen. Emmett Hanger (R-Mount Solon)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Recordation taxes; transfer to Virginia Water Quality Improvement Fund. Provides that $100 million of recordation taxes collected each year shall be transferred to the Virginia Water Quality Improvement Fund. The Comptroller shall credit the $100 million to the Fund after allocations have been made for the $40 million deposit to the U.S. Route 58 Corridor Development Fund and the $40 million distribution to counties and cities, as currently required under law. Read the Bill »
Status
02/09/2006: Failed to Pass in Committee
History
Date | Action |
---|---|
01/11/2006 | Prefiled and ordered printed; offered 01/11/06 060824732 |
01/11/2006 | Referred to Committee on Finance |
01/26/2006 | Fiscal impact statement from TAX (SB413) |
02/09/2006 | Continued to 2007 in Finance (14-Y 0-N) |