VA HB1082 | 2012 | Regular Session
Status
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]
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]
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 certain deeds of trust securing a refinanced obligation.
Sponsors
Roll Calls
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]
2012-02-06 - House - House: Subcommittee recommends reporting (8-Y 2-N) (Y: 8 N: 2 NV: 1 Abs: 0) [PASS]
History
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 |