Recordation and grantor taxes; penalty for misrepresentation. (SB1157)

Introduced By

Sen. Dick Saslaw (D-Springfield)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


01/13/2009Prefiled and ordered printed; offered 01/14/09 092849324
01/13/2009Referred to Committee on Finance
01/19/2009Impact statement from TAX (SB1157)
02/04/2009Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/04/2009Committee substitute printed 096021324-S1
02/05/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/06/2009Read second time
02/06/2009Reading of substitute waived
02/06/2009Committee substitute agreed to 096021324-S1
02/06/2009Engrossed by Senate - committee substitute SB1157S1
02/09/2009Passed by for the day
02/10/2009Engrossed by Senate as amended SB1157E
02/10/2009Impact statement from TAX (SB1157S1)
02/10/2009Engrossment reconsidered by Senate (40-Y 0-N) (see vote tally)
02/10/2009Passed by temporarily
02/10/2009Reading of amendments waived
02/10/2009Amendments by Senator Cuccinelli agreed to
02/10/2009Engrossed by Senate as amended SB1157ES1
02/10/2009Printed as engrossed 096021324-ES1
02/10/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/10/2009Passed Senate (39-Y 1-N) (see vote tally)
02/11/2009Assigned Finance sub: 2
02/11/2009Subcommittee recommends reporting
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Finance
02/13/2009Assigned Finance sub: 2
02/13/2009Subcommittee recommends reporting
02/16/2009Reported from Finance with substitute (22-Y 0-N) (see vote tally)
02/16/2009Committee substitute printed 092639548-H1
02/17/2009Read second time
02/18/2009Read third time
02/18/2009Committee substitute agreed to 092639548-H1
02/18/2009Engrossed by House - committee substitute SB1157H1
02/18/2009Passed House with substitute (95-Y 2-N)
02/18/2009VOTE: --- PASSAGE (95-Y 2-N) (see vote tally)
02/18/2009House substitute rejected by Senate (1-Y 39-N) (see vote tally)
02/18/2009House insisted on substitute
02/18/2009House requested conference committee
02/18/2009Senate acceded to request (38-Y 0-N) (see vote tally)
02/18/2009Conferees appointed by Senate
02/18/2009Senators: Saslaw, Norment, Houck
02/18/2009Conferees appointed by House
02/18/2009Delegates: Hugo, Cline, Melvin
02/26/2009Conference substitute printed 092939324-S2
02/27/2009Conference report agreed to by Senate (39-Y 0-N) (see vote tally)
02/27/2009Passed by temporarily
02/27/2009Conference report agreed to by House (95-Y 1-N)
02/27/2009VOTE: --- ADOPTION (95-Y 1-N) (see vote tally)
03/09/2009Bill text as passed Senate and House (SB1157ER)
03/09/2009Signed by President
03/11/2009Signed by Speaker
03/20/2009Impact statement from TAX (SB1157ER)
03/30/2009G Approved by Governor-Chapter 686 (effective 7/1/09)
03/30/2009G Acts of Assembly Chapter text (CHAP0686)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 2 minutes.