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2003 SESSION

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HB 341 Land Conservation Foundation; dedication of recordation taxes.

Introduced by: David B. Albo | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Land Conservation Foundation; dedication of recordation taxes. Dedicates to the Virginia Land Conservation Foundation, on a phased-in schedule, the amount by which annual state recordation taxes exceed $91.4 million. In 2002, 25 percent of such funds are so dedicated; in 2003, 50 percent of such funds are so dedicated; in 2004, 75 percent of such funds are so dedicated; and in 2005 and thereafter, 100 percent of such funds are so dedicated.


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