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2003 Session

Budget Bill - HB1400 (Chapter 1042)

Item 3-6.01

Item 3-6.01

§ 3-6.01 RECORDATION TAX FEE


In addition to the state recordation tax collected pursuant to § 58.1-801 A, Code of Virginia, there is hereby assessed a ten dollar fee on every deed admitted to record on or after July 1, 2002. Revenue generated from such fee shall be deposited to the general fund.


§ 3-6.01 3-6.02 MOTOR VEHICLE FEES


A. The Department of Motor Vehicles shall raise the motor vehicles records fee by two dollars per transaction. On or before June 30 of each year, the Comptroller shall transfer $10,000,000 from the Department of Motor Vehicles from the increased fee to the general fund.


B. Notwithstanding the provisions of Article 7, Chapter 6, Title 46.2, Code of Virginia, the Department of Motor Vehicles shall increase the state motor vehicle registration fee by two dollars in accordance with House Bill 82 as adopted by the 2002 Session of the General Assembly. On or before June 30 of each year, the Comptroller shall transfer $15,000,000 from the Department of Motor Vehicles from the increased fee in accordance with House Bill 82.


C. In accordance with § 46.2-332, Code of Virginia, on or after July 1, 2002 from July 1, 2002 through April 30, 2003, the fee for each driver's license other than a commercial driver's license shall be three dollars per year.


D. The provisions of §§ 46.2-216.3 and 46.2-697.1, Code of Virginia, shall no longer be applied.