Recordation and grantor taxes; expands reduced tax accorded to deeds of trust. (SB780)

Introduced By

Sen. Roscoe Reynolds (D-Martinsville)

Progress

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

Description

Recordation and grantor taxes.  Expands, for a three-year period, the reduced recordation tax accorded to deeds of trust securing a refinanced mortgage with the same lender to all such refinancings, regardless of lender. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/27/2010Prefiled and ordered printed; offered 01/12/11 11102074D
12/27/2010Referred to Committee on Finance
01/16/2011Impact statement from TAX (SB780)
02/02/2011Reported from Finance (8-Y 5-N 1-A) (see vote tally)
02/03/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/04/2011Read second time and engrossed
02/07/2011Passed by for the day
02/08/2011Read third time and passed Senate (22-Y 18-N) (see vote tally)
02/08/2011Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/08/2011Passed Senate (24-Y 16-N) (see vote tally)
02/09/2011Placed on Calendar
02/09/2011Read first time
02/09/2011Referred to Committee on Finance
02/10/2011Assigned Finance sub: #3
02/22/2011Left in Finance

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 9 minutes.