2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Stuart
Recordation Taxes (SB 363) (language only)

Item 266 #2s

Item 266 #2s

Department of Accounts Transfer Payments


Page 268, strike lines 23-29.

Page 268, after line 29, insert:

"E. Notwithstanding the provisions of § 58.1-816B., Code of Virginia, amounts estimated at $20,000,000 the first year and $20,000,000 the second year from the general fund shall be distributed to counties and cities, as distributed prior to Chapter 1241 and 1281, 2020 Acts of Assembly.

2. Notwithstanding the provisions of § 58.1-816, Code of Virginia, the appropriation in this Item for the distribution of recordation taxes is not subject to the sum sufficient provisions of this Item."


(This amendment reflects the revision of the distribution of recordation taxes contingent with the passage of Senate Bill 363.)