Deeds of trust or mortgages; calculation of tax shall be calculated using rate scale, etc. (SB999)

Introduced By

Sen. Richard Stuart (R-Westmoreland)

Progress

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

Description

Deeds of trust or mortgages; maximum tax. Clarifies the calculation of the tax on supplemental or modified deeds of trust or mortgages, such that the tax is based on the difference between the maximum obligation secured, regardless of whether such amount is actually owed or outstanding, and the maximum amount of debt secured at the time the original instrument was recorded. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2015Prefiled and ordered printed; offered 01/14/15 15101933D
01/12/2015Referred to Committee on Commerce and Labor
01/19/2015Reported from Commerce and Labor with amendments (13-Y 0-N) (see vote tally)
01/19/2015Rereferred to Finance
01/24/2015Impact statement from TAX (SB999)
01/27/2015Reported from Finance (15-Y 0-N) (see vote tally)
01/28/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/29/2015Read second time
01/29/2015Reading of amendments waived
01/29/2015Committee amendments agreed to
01/29/2015Engrossed by Senate as amended SB999E
01/29/2015Printed as engrossed 15101933D-E
01/30/2015Read third time and passed Senate (38-Y 0-N) (see vote tally)
02/06/2015Placed on Calendar
02/06/2015Read first time
02/06/2015Referred to Committee on Finance
02/09/2015Impact statement from TAX (SB999E)
02/11/2015Reported from Finance with substitute (21-Y 0-N) (see vote tally)
02/11/2015Committee substitute printed 15105040D-H1
02/12/2015Read second time
02/13/2015Read third time
02/13/2015Committee substitute agreed to 15105040D-H1
02/13/2015Engrossed by House - committee substitute SB999H1
02/13/2015Passed House with substitute BLOCK VOTE (97-Y 0-N)
02/13/2015VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/17/2015House substitute agreed to by Senate (38-Y 0-N) (see vote tally)
02/17/2015Title replaced 15105040D-H1
02/20/2015Enrolled
02/20/2015Bill text as passed Senate and House (SB999ER)
02/20/2015Signed by Speaker
02/23/2015Signed by President
02/24/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/24/2015Enrolled Bill Communicated to Governor on 2/24/15
02/24/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/05/2015Impact statement from TAX (SB999ER)
03/23/2015G Approved by Governor-Chapter 434 (effective 7/1/15)
03/23/2015G Acts of Assembly Chapter text (CHAP0434)

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 50 seconds.