Recordation tax; supplemental writings. (HB1615)

Introduced By

Del. Rip Sullivan (D-Arlington)

Progress

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

Description

Recordation tax; deeds of trust or mortgages. Provides that for a deed of trust or mortgage (i) that conveys property that is either (a) partly within and partly outside the Commonwealth or (b) is within the Commonwealth and secures debts secured by deeds of trust on property outside the Commonwealth and (ii) secures the entire amount of that debt, recordation tax shall only be imposed on the proportion of debt that the Virginia property bears to the actual value of the entire amount of property conveyed. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/16/2020Presented and ordered printed 20104636D
01/16/2020Referred to Committee on Finance
01/23/2020Assigned Finance sub: Subcommittee #2
01/26/2020Impact statement from TAX (HB1615)
01/27/2020Subcommittee recommends reporting with substitute (9-Y 0-N)
01/29/2020Reported from Finance with substitute (20-Y 0-N) (see vote tally)
01/29/2020Committee substitute printed 20106827D-H1
01/31/2020Read first time
02/03/2020Read second time
02/03/2020Committee substitute agreed to 20106827D-H1
02/03/2020Engrossed by House - committee substitute HB1615H1
02/04/2020Read third time and passed House (98-Y 0-N)
02/04/2020VOTE: Passage (98-Y 0-N) (see vote tally)
02/05/2020Constitutional reading dispensed
02/05/2020Referred to Committee on Finance and Appropriations
02/11/2020Impact statement from TAX (HB1615H1)
02/19/2020Reported from Finance and Appropriations (16-Y 0-N) (see vote tally)
02/20/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/21/2020Read third time
02/21/2020Passed Senate (38-Y 0-N) (see vote tally)
02/26/2020Enrolled
02/26/2020Bill text as passed House and Senate (HB1615ER)
02/27/2020Impact statement from TAX (HB1615ER)
02/27/2020Signed by Speaker
02/27/2020Signed by President
03/05/2020G Governor's Action Deadline 11:59 p.m., April 6, 2020
03/05/2020Enrolled Bill communicated to Governor on March 5, 2020
03/05/2020G Governor's Action Deadline 11:59 p.m., March 12, 2020
03/12/2020G Approved by Governor-Chapter 334 (effective 7/1/20)
03/12/2020G Acts of Assembly Chapter text (CHAP0334)

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