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Recordation tax; supplemental writings.

It became law on Mar 12, 2020.

VA HB 1615 · House Bill · 2020

Stage
Became law
Started in
House
Sponsor
Rip Sullivan
Latest action
Mar 12, 2020

What it does

Recordation tax; supplemental writings. Providesthat recordation of a supplemental writing for certain deeds of trustand mortgages shall not be taxable, even if the supplemental writingrecites an increase in the principal amount of bonds or obligations.The deeds of trust or mortgages that qualify for this exemption arethose that convey property within the Commonwealth to secure obligationsoutside the Commonwealth and do not state an increase in the amountof the principal obligation secured that was apportioned to propertywithin the Commonwealth.

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Mar 12, 2020

Where it goes next

Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Work with this bill

Recordation tax; supplemental writings. | 52