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2002 Session

Budget Amendments - HB29 (Committee Approved)

Language to Implement Recordation Fee (language only)

Item 3-5.02 #2h

Item 3-5.02 #2h

3: Miscellaneous & Part 4: General Provisions)

Language
Page 529, after line 20, insert:
"§ 3-5.02 ASSESS RECORDATION FEE
In addition to the state recordation tax collected pursuant to § 58.1-801 A, Code of Virginia, there is hereby assessed a five dollar fee on every deed admitted to record on or after May 1, 2002.  Proceeds collected are to be deposited into the general fund of the state treasury and used for terrorism preparedness and homeland security.”


Explanation
(This amendment assesses a fee, in addition to the state recordation tax collected pursuant to § 58.1-801 A, Code of Virginia, on each deed admitted to record on or after May 1, 2002.)