Virginia Senate Bill 409 (Prior Session Legislation)

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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]

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 deeds of trust securing a refinanced obligation.

Sen. Emmett Hanger [R]

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]

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

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+SB409
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB409+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB409ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB409ER2+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+CHAP0820+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S05V0084+SB0409
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0308SB0409+SB0409
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0337SB0409+SB0409
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H10V0293+SB0409
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV1225+SB0409
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0766SB0409+SB0409
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV1115SB0409+SB0409
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV1662+SB0409