Virginia House Bill 1082 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2012 - 25% progression, died in committee
Action: 2012-02-14 - House: Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Recordation tax. Eliminates the recordation tax exemption for certain deeds of trust securing a refinanced obligation, and establishes a reduced tax for all refinancing deeds of trust or mortgages that is equal to a maximum of 18 cents ($0.18) per $100 of the amount refinanced. Under current law, there is an exemption for a deed of trust or mortgage that is refinanced with the same lender on the principal amount of the original debt; all other such instruments of refinancing are subject to the tax at rates higher than the new rates established in the bill.

Recordation tax; eliminates exemption for certain deeds of trust securing a refinanced obligation.

Del. Timothy Hugo [R]

2012-02-06 - House - House: Reported from Finance (16-Y 6-N) (Y: 16 N: 7 NV: 0 Abs: 0) [PASS]
2012-02-06 - House - House: Subcommittee recommends reporting (8-Y 2-N) (Y: 8 N: 2 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2012-02-14		House: Left in Finance
2012-02-13		House: Rereferred to Finance
2012-02-13		House: Motion to rerefer to committee agreed to
2012-02-13		House: Read second time
2012-02-10		House: Passed by for the day
2012-02-09		House: Passed by for the day
2012-02-08		House: Passed by for the day
2012-02-07		House: Read first time
2012-02-06		House: Reported from Finance (16-Y 6-N)
2012-02-06		House: Subcommittee recommends reporting (8-Y 2-N)
2012-01-20		House: Assigned Finance sub: #1
2012-01-11		House: Referred to Committee on Finance
2012-01-11		House: Prefiled and ordered printed; offered 01/11/12 12102507D

Chapter	Article	Section	Citation Type	Statute Text
58	1	803	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB1082
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB1082+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H1001V0045+HB1082
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H10V0151+HB1082