Recordation tax; exemption of certain deeds of partition and deeds transferring property. (HB596)

Introduced By

Del. Marcus Simon (D-Falls Church)

Progress

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

Description

Recordation tax; exemption. Exempts from recordation tax (i) certain deeds of partition and (ii) deeds transferring property pursuant to a divorce decree. Under current law, the tax on such deeds is $0.50. Amends § 58.1-811, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2016Committee
01/11/2016Prefiled and ordered printed; offered 01/13/16 16102325D
01/11/2016Referred to Committee on Finance
01/19/2016Impact statement from TAX (HB596)
01/26/2016Assigned to sub: Subcommittee #2
01/26/2016Assigned Finance sub: Subcommittee #2
01/27/2016Subcommittee recommends reporting (9-Y 1-N)
02/01/2016Reported from Finance (19-Y 3-N) (see vote tally)
02/02/2016Read first time
02/03/2016Read second time and engrossed
02/04/2016Read third time and passed House (92-Y 5-N)
02/04/2016VOTE: PASSAGE (92-Y 5-N) (see vote tally)
02/05/2016Impact statement from TAX (HB596)
02/05/2016Constitutional reading dispensed
02/05/2016Referred to Committee on Finance
02/16/2016Reported from Finance (13-Y 1-N) (see vote tally)
02/17/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/18/2016Read third time
02/18/2016Passed Senate (39-Y 0-N) (see vote tally)
02/19/2016Enrolled
02/19/2016Bill text as passed House and Senate (HB596ER)
02/19/2016Signed by Speaker
02/19/2016Signed by President
02/19/2016Enrolled Bill communicated to Governor on 2/19/16
02/19/2016G Governor's Action Deadline Midnight, February 26, 2016
02/23/2016Impact statement from TAX (HB596ER)
02/26/2016G Approved by Governor-Chapter 37 (effective 7/1/16)
02/26/2016G Acts of Assembly Chapter text (CHAP0037)

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 2 minutes.