2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Scott, Edward
Transfer of Recordation Tax Fee to NRCF (language only)

Item 3-6.01 #1h

Item 3-6.01 #1h

Adjustments and Modifications to Fees
Recordation Tax Fee

Page 517, line 48, strike "fifty percent of such fee shall be deposited to the general fund.  The revenue generated".
Page 517, line 49, strike "from the other fifty percent of".

(This amendment modifies the distribution of the revenues generated by the $20.00 fee paid when filing deeds. Currently, 50 percent of the funds support general fund expenditures and 50 percent is deposited into the Natural Resources Commitment Fund to support funding for agriculture best management practices. A companion amendment to Item 357 provides the additional funding to the Department of Conservation and Recreation to support the funding of agriculture BMPs.)