WV SB429 | 2010 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 1 2010 - 25% progression, died in committee
Action: 2010-02-01 - To Judiciary
Pending: Senate Judiciary Committee
Status: Introduced on February 1 2010 - 25% progression, died in committee
Action: 2010-02-01 - To Judiciary
Pending: Senate Judiciary Committee
Summary
The purpose of this bill is to allow municipalities to assess up to $100 tax per $100,000 of value on the transfer of real estate within the incorporated limits of that municipality. The bill permits the revenue generated from the excise tax to be used solely for demolishing buildings that have been condemned, abandoned or taken over by a local government due to safety concerns. This section is new; therefore, strike-throughs and underscoring have been omitted
Title
Allowing municipalities impose excise tax on transfer of real estate
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-02-01 | To Judiciary | |
| 2010-02-01 | To Judiciary then Finance | |
| 2010-02-01 | Introduced in Senate | |
| 2010-02-01 | To Judiciary then Finance | |
| 2010-02-01 | Filed for introduction |
Subjects
Code Citations
West Virginia State Sources
| Type | Source |
|---|---|
| Summary | http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=429&year=2010&sessiontype=RS&btype=bill |
