VA SB409 | 2012 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 18 2012 - 100% progression
Action: 2012-04-18 - Governor: Acts of Assembly Chapter text (CHAP0820)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 18 2012 - 100% progression
Action: 2012-04-18 - Governor: Acts of Assembly Chapter text (CHAP0820)
Text: Latest bill text (Chaptered) [HTML]
Summary
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.
Title
Recordation tax; eliminates exemption for deeds of trust securing a refinanced obligation.
Sponsors
Roll Calls
2012-04-18 - House - House: VOTE: ADOPTION (91-Y 2-N) (Y: 93 N: 2 NV: 7 Abs: 0) [PASS]
2012-04-18 - Senate - Senate: Senate concurred in Governor's recommendation (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-29 - Senate - Senate: House amendments agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-29 - House - House: VOTE: PASSAGE (91-Y 5-N) (Y: 93 N: 5 NV: 4 Abs: 0) [PASS]
2012-02-27 - House - House: Reported from Finance with amendments (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-10 - Senate - Senate: Read third time and passed Senate (39-Y 1-N) (Y: 39 N: 1 NV: 0 Abs: 0) [PASS]
2012-02-08 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-07 - Senate - Senate: Reported from Finance (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]
2012-04-18 - Senate - Senate: Senate concurred in Governor's recommendation (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-29 - Senate - Senate: House amendments agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-29 - House - House: VOTE: PASSAGE (91-Y 5-N) (Y: 93 N: 5 NV: 4 Abs: 0) [PASS]
2012-02-27 - House - House: Reported from Finance with amendments (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-10 - Senate - Senate: Read third time and passed Senate (39-Y 1-N) (Y: 39 N: 1 NV: 0 Abs: 0) [PASS]
2012-02-08 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-07 - Senate - Senate: Reported from Finance (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-04-18 | Governor: Acts of Assembly Chapter text (CHAP0820) | |
| 2012-04-18 | Governor: Approved by Governor-Chapter 820 (effective 7/1/12) | |
| 2012-04-18 | House: Signed by Speaker as reenrolled | |
| 2012-04-18 | Senate: Signed by President as reenrolled | |
| 2012-04-18 | Senate: Reenrolled bill text (SB409ER2) | |
| 2012-04-18 | Senate: Reenrolled | |
| 2012-04-18 | Governor: Governor's recommendation adopted | |
| 2012-04-18 | House: VOTE: ADOPTION (91-Y 2-N) | |
| 2012-04-18 | House: House concurred in Governor's recommendation (91-Y 2-N) | |
| 2012-04-18 | Senate: Senate concurred in Governor's recommendation (39-Y 0-N) | |
| 2012-04-17 | Senate: Placed on Calendar | |
| 2012-04-09 | Senate: Governor's recommendation received by Senate | |
| 2012-03-07 | Senate: Signed by President | |
| 2012-03-05 | House: Signed by Speaker | |
| 2012-03-05 | Senate: Bill text as passed Senate and House (SB409ER) | |
| 2012-03-05 | Senate: Enrolled | |
| 2012-02-29 | Senate: House amendments agreed to by Senate (40-Y 0-N) | |
| 2012-02-29 | House: VOTE: PASSAGE (91-Y 5-N) | |
| 2012-02-29 | House: Passed House with amendments (91-Y 5-N) | |
| 2012-02-29 | House: Engrossed by House as amended | |
| 2012-02-29 | House: Committee amendments agreed to | |
| 2012-02-29 | House: Read third time | |
| 2012-02-28 | House: Read second time | |
| 2012-02-27 | House: Reported from Finance with amendments (21-Y 0-N) | |
| 2012-02-20 | House: Assigned Finance sub: #1 | |
| 2012-02-17 | House: Referred to Committee on Finance | |
| 2012-02-17 | House: Read first time | |
| 2012-02-17 | House: Placed on Calendar | |
| 2012-02-10 | Senate: Read third time and passed Senate (39-Y 1-N) | |
| 2012-02-09 | Senate: Read second time and engrossed | |
| 2012-02-08 | Senate: Constitutional reading dispensed (39-Y 0-N) | |
| 2012-02-07 | Senate: Reported from Finance (11-Y 4-N) | |
| 2012-01-11 | Senate: Referred to Committee on Finance | |
| 2012-01-11 | Senate: Prefiled and ordered printed; offered 01/11/12 12102509D |
