Recordation tax; additional distribution to localities. (HB67)
Introduced By
Sen. Lynwood Lewis (D-Accomac)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
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. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 12/15/2005 | Prefiled and ordered printed; offered 01/11/06 065130378 |
| 12/15/2005 | Referred to Committee on Finance |
| 01/18/2006 | Assigned to Finance sub-committee: #1 (Orrock) |
| 01/26/2006 | Fiscal impact statement from TAX (HB67) |
| 02/06/2006 | Continued to 2007 in Finance |