Recordation and grantor taxes; penalty for misrepresentation. (SB1157)
Introduced By
Sen. Dick Saslaw (D-Springfield)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Recordation and grantor taxes; basis. Changes the basis on which recordation and grantor taxes are calculated on the transfer of real estate to the actual 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. The provisions of the bill would become effective on July 1, 2010. Read the Bill »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 01/13/2009 | Prefiled and ordered printed; offered 01/14/09 092849324 |
| 01/13/2009 | Referred to Committee on Finance |
| 01/19/2009 | Impact statement from TAX (SB1157) |
| 02/04/2009 | Reported from Finance with substitute (16-Y 0-N) (see vote tally) |
| 02/04/2009 | Committee substitute printed 096021324-S1 |
| 02/05/2009 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 02/06/2009 | Read second time |
| 02/06/2009 | Reading of substitute waived |
| 02/06/2009 | Committee substitute agreed to 096021324-S1 |
| 02/06/2009 | Engrossed by Senate - committee substitute SB1157S1 |
| 02/09/2009 | Passed by for the day |
| 02/10/2009 | Engrossed by Senate as amended SB1157E |
| 02/10/2009 | Impact statement from TAX (SB1157S1) |
| 02/10/2009 | Engrossment reconsidered by Senate (40-Y 0-N) (see vote tally) |
| 02/10/2009 | Passed by temporarily |
| 02/10/2009 | Reading of amendments waived |
| 02/10/2009 | Amendments by Senator Cuccinelli agreed to |
| 02/10/2009 | Engrossed by Senate as amended SB1157ES1 |
| 02/10/2009 | Printed as engrossed 096021324-ES1 |
| 02/10/2009 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 02/10/2009 | Passed Senate (39-Y 1-N) (see vote tally) |
| 02/11/2009 | Assigned Finance sub: 2 |
| 02/11/2009 | Subcommittee recommends reporting |
| 02/13/2009 | Placed on Calendar |
| 02/13/2009 | Read first time |
| 02/13/2009 | Referred to Committee on Finance |
| 02/13/2009 | Assigned Finance sub: 2 |
| 02/13/2009 | Subcommittee recommends reporting |
| 02/16/2009 | Reported from Finance with substitute (22-Y 0-N) (see vote tally) |
| 02/16/2009 | Committee substitute printed 092639548-H1 |
| 02/17/2009 | Read second time |
| 02/18/2009 | Read third time |
| 02/18/2009 | Committee substitute agreed to 092639548-H1 |
| 02/18/2009 | Engrossed by House - committee substitute SB1157H1 |
| 02/18/2009 | Passed House with substitute (95-Y 2-N) |
| 02/18/2009 | VOTE: --- PASSAGE (95-Y 2-N) (see vote tally) |
| 02/18/2009 | House substitute rejected by Senate (1-Y 39-N) (see vote tally) |
| 02/18/2009 | House insisted on substitute |
| 02/18/2009 | House requested conference committee |
| 02/18/2009 | Senate acceded to request (38-Y 0-N) (see vote tally) |
| 02/18/2009 | Conferees appointed by Senate |
| 02/18/2009 | Senators: Saslaw, Norment, Houck |
| 02/18/2009 | Conferees appointed by House |
| 02/18/2009 | Delegates: Hugo, Cline, Melvin |
| 02/26/2009 | Conference substitute printed 092939324-S2 |
| 02/27/2009 | Conference report agreed to by Senate (39-Y 0-N) (see vote tally) |
| 02/27/2009 | Passed by temporarily |
| 02/27/2009 | Conference report agreed to by House (95-Y 1-N) |
| 02/27/2009 | VOTE: --- ADOPTION (95-Y 1-N) (see vote tally) |
| 03/09/2009 | Enrolled |
| 03/09/2009 | Bill text as passed Senate and House (SB1157ER) |
| 03/09/2009 | Signed by President |
| 03/11/2009 | Signed by Speaker |
| 03/20/2009 | Impact statement from TAX (SB1157ER) |
| 03/30/2009 | G Approved by Governor-Chapter 686 (effective 7/1/09) |
| 03/30/2009 | G Acts of Assembly Chapter text (CHAP0686) |