VA HB509 | 2012 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Passed on April 4 2012 - 100% progression
Action: 2012-04-04 - Governor: Acts of Assembly Chapter text (CHAP0505)
Text: Latest bill text (Chaptered) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Passed on April 4 2012 - 100% progression
Action: 2012-04-04 - Governor: Acts of Assembly Chapter text (CHAP0505)
Text: Latest bill text (Chaptered) [HTML]
Summary
Recordation tax. Clarifies that the recordation tax for deeds of trust is based on the value of the security interest created by the deed of trust, not just on the amount of the obligations described in the deed of trust. Therefore, the amount subject to tax does not include any amount that is unsecured because the value of the property conveyed by the deed of trust is inadequate to secure the full amount of obligations described in the deed of trust.
Title
Recordation tax; clarifies tax for deeds of trust is based on value of security interest.
Sponsors
Roll Calls
2012-02-29 - House - House: VOTE: ADOPTION (85-Y 12-N) (Y: 87 N: 12 NV: 3 Abs: 0) [PASS]
2012-02-24 - Senate - Senate: Passed Senate with amendment (24-Y 14-N) (Y: 24 N: 14 NV: 2 Abs: 0) [PASS]
2012-02-23 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-22 - Senate - Senate: Reported from Finance with amendment (7-Y 4-N 2-A) (Y: 7 N: 4 NV: 0 Abs: 2) [PASS]
2012-02-02 - House - House: VOTE: PASSAGE (87-Y 13-N) (Y: 89 N: 13 NV: 0 Abs: 0) [PASS]
2012-01-30 - House - House: Reported from Finance (17-Y 4-N) (Y: 18 N: 4 NV: 0 Abs: 1) [PASS]
2012-01-25 - House - House: Subcommittee recommends reporting (9-Y 1-N) (Y: 9 N: 1 NV: 1 Abs: 0) [PASS]
2012-02-24 - Senate - Senate: Passed Senate with amendment (24-Y 14-N) (Y: 24 N: 14 NV: 2 Abs: 0) [PASS]
2012-02-23 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-22 - Senate - Senate: Reported from Finance with amendment (7-Y 4-N 2-A) (Y: 7 N: 4 NV: 0 Abs: 2) [PASS]
2012-02-02 - House - House: VOTE: PASSAGE (87-Y 13-N) (Y: 89 N: 13 NV: 0 Abs: 0) [PASS]
2012-01-30 - House - House: Reported from Finance (17-Y 4-N) (Y: 18 N: 4 NV: 0 Abs: 1) [PASS]
2012-01-25 - House - House: Subcommittee recommends reporting (9-Y 1-N) (Y: 9 N: 1 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-04-04 | Governor: Acts of Assembly Chapter text (CHAP0505) | |
| 2012-04-04 | Governor: Approved by Governor-Chapter 505 (effective 1/1/14 - see bill) | |
| 2012-03-08 | Senate: Signed by President | |
| 2012-03-06 | House: Signed by Speaker | |
| 2012-03-06 | House: Bill text as passed House and Senate (HB509ER) | |
| 2012-03-06 | House: Enrolled | |
| 2012-02-29 | House: VOTE: ADOPTION (85-Y 12-N) | |
| 2012-02-29 | House: Senate amendment agreed to by House (85-Y 12-N) | |
| 2012-02-28 | House: Passed by for the day | |
| 2012-02-27 | House: Placed on Calendar | |
| 2012-02-24 | Senate: Passed Senate with amendment (24-Y 14-N) | |
| 2012-02-24 | Senate: Engrossed by Senate as amended | |
| 2012-02-24 | Senate: Committee amendment agreed to | |
| 2012-02-24 | Senate: Reading of amendment waived | |
| 2012-02-24 | Senate: Read third time | |
| 2012-02-23 | Senate: Constitutional reading dispensed (40-Y 0-N) | |
| 2012-02-22 | Senate: Reported from Finance with amendment (7-Y 4-N 2-A) | |
| 2012-02-03 | Senate: Referred to Committee on Finance | |
| 2012-02-03 | Senate: Constitutional reading dispensed | |
| 2012-02-02 | House: VOTE: PASSAGE (87-Y 13-N) | |
| 2012-02-02 | House: Read third time and passed House (87-Y 13-N) | |
| 2012-02-01 | House: Read second time and engrossed | |
| 2012-01-31 | House: Read first time | |
| 2012-01-30 | House: Reported from Finance (17-Y 4-N) | |
| 2012-01-25 | House: Subcommittee recommends reporting (9-Y 1-N) | |
| 2012-01-17 | House: Assigned Finance sub: #1 | |
| 2012-01-10 | House: Referred to Committee on Finance | |
| 2012-01-10 | House: Prefiled and ordered printed; offered 01/11/12 12102464D |
