Recordation tax; open line deeds of trust. (HB1968)

Introduced By

Sen. Bill DeSteph (R-Virginia Beach) with support from co-patron Del. Daun Hester (D-Norfolk)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Recordation tax; open line deeds of trust. Requires that the recordation tax on a deed of trust securing an open line of credit when the amount of the line of credit is increased be paid only on the difference between the amount of the original line of credit and the new amount. Read the Bill »


02/17/2015: Merged into HB2161


01/13/2015Prefiled and ordered printed; offered 01/14/15 15102042D
01/13/2015Referred to Committee on Finance
01/20/2015Assigned Finance sub: Subcommittee #1
01/27/2015Impact statement from TAX (HB1968)
01/28/2015Subcommittee recommends reporting (7-Y 0-N)
02/04/2015Reported from Finance (19-Y 1-N) (see vote tally)
02/06/2015Read first time
02/09/2015Read second time and engrossed
02/10/2015Read third time and passed House (99-Y 0-N)
02/10/2015VOTE: PASSAGE (99-Y 0-N) (see vote tally)
02/11/2015Constitutional reading dispensed
02/11/2015Referred to Committee on Finance
02/13/2015Impact statement from TAX (HB1968)
02/17/2015Incorporated by Finance (HB2161-Minchew) (14-Y 0-N) (see vote tally)


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 20 seconds.