VA HB1431 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on November 2 2010 - 25% progression, died in chamber
Action: 2011-02-02 - House: Tabled in Finance by voice vote
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on November 2 2010 - 25% progression, died in chamber
Action: 2011-02-02 - House: Tabled in Finance by voice vote
Text: Latest bill text (Introduced) [HTML]
Summary
Recordation tax. Reduces the state recordation tax on deeds of trust from $0.25 per $100 of the amount financed to $0.2375 per $100 of such amount. The bill also eliminates the reduced recordation tax based on deeds of trust securing a refinanced mortgage with the same lender. Under current law, the recordation tax on deeds of trust for such refinancing applies only to the extent that the amount of the refinancing exceeds the original amount of financing.
Title
Recordation tax; reduces state tax on deeds of trust.
Sponsors
| Del. David Albo [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-02 | House: Tabled in Finance by voice vote | |
| 2011-01-17 | House: Assigned Finance sub: #2 | |
| 2010-11-02 | House: Referred to Committee on Finance | |
| 2010-11-02 | House: Prefiled and ordered printed; offered 01/12/11 11100157D |
Subjects
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+HB1431 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HB1431+hil |
