Probate tax; establishes tax on recordation of list of heirs, etc. (SB692)

Introduced By

Sen. Frank Ruff (R-Clarksville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Tax in lieu of probate tax.  Establishes a tax on the recordation of a list of heirs recorded to transfer to an heir the real property of a decedent who died intestate, provided that the real property was not included in a grant of administration for which probate tax was paid. The tax would be imposed at the rate of $0.10 for every $100 of value of the real property so transferred, which rate of tax is the same as the current probate tax. Amends § 58.1-1717.1, § 58.1-1718, § 58.1-3805, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/22/2010Presented and ordered printed 10104153D
01/22/2010Referred to Committee on Finance
02/01/2010Impact statement from TAX (SB692)
02/02/2010Reported from Finance (15-Y 0-N) (see vote tally)
02/03/2010Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/04/2010Read second time and engrossed
02/08/2010Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/16/2010Placed on Calendar
02/16/2010Read first time
02/16/2010Referred to Committee on Finance
02/17/2010Assigned Finance sub: #1
02/19/2010Impact statement from TAX (SB692)
02/24/2010Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
03/01/2010Reported from Finance with substitute (22-Y 0-N) (see vote tally)
03/01/2010Committee substitute printed 10105496D-H1
03/02/2010Read second time
03/03/2010Title replaced 10105496D-S1
03/03/2010Read third time
03/03/2010Committee substitute agreed to 10105496D-H1
03/03/2010Engrossed by House - committee substitute SB692H1
03/03/2010Passed House with substitute BLOCK VOTE (99-Y 0-N)
03/03/2010VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/03/2010House substitute agreed to by Senate (39-Y 0-N) (see vote tally)
03/03/2010Title replaced 10105496D-H1
03/05/2010Impact statement from TAX (SB692ER)
03/11/2010Enrolled
03/11/2010Bill text as passed Senate and House (SB692ER)
03/11/2010Signed by Speaker
03/13/2010Signed by President
04/08/2010G Approved by Governor-Chapter 266 (effective 7/1/10)
04/08/2010G Acts of Assembly Chapter text (CHAP0266)

Video

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 30 seconds.