Recordation tax; taxes levied on deeds and contracts. (HB2291)

Introduced By

Sen. Jennifer McClellan (D-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2007Committee
01/09/2007Prefiled and ordered printed; offered 01/10/07 071645402
01/09/2007Referred to Committee on Finance
01/30/2007Impact statement from TAX (HB2291)