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2004 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Deeds
Natural Resources Recordation Fee (language only)

Item 3-6.01 #2s

Item 3-6.01 #2s

Adjustments and Modifications to Fees
Recordation Tax Fee

Language
Page 440, line 41, strike "(i) every deed for which the state recordation tax is collected pursuant to §§". Page 440, strike line 42, and insert "every document recorded as provided in §17.1-227 and §55-66.6, Code of".


Explanation
(This amendment replaces references to recordation taxes in the Taxation Title of the Code of Virginia with references to recordation transactions in the Courts and Property and Conveyance Titles of the Code of Virginia. This will result in the $10 recordation fee being applied to a broader class of transactions, namely all transactions recorded in the deed book of the clerks of the courts.)