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. Amends § 10.1-2128, § 10.1-2133, § 2.2-1514, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2006Prefiled and ordered printed; offered 01/11/06 060824732
01/11/2006Referred to Committee on Finance
01/26/2006Fiscal impact statement from TAX (SB413)
02/09/2006Continued to 2007 in Finance (14-Y 0-N) (see vote tally)