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2004 SESSION
HB 174 Recordation tax; additional distribution to localities.
Introduced by: Lynwood W. Lewis, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
State recordation tax; additional distribution to localities. Provides that 50 percent of the amount of state recordation tax collected in excess of $80 million shall be distributed, beginning June 30, 2005, and each year thereafter, to the counties and cities based on the percentage of recordation taxes collected in each county and city. The remaining 50 percent would be deposited in the state's general fund. The additional amount above $80 million distributed to counties and cities would be used for land preservation.
FULL TEXT
HISTORY
- 01/14/04 House: Presented & ordered printed, prefiled 01/06/04 042529378
- 01/14/04 House: Referred to Committee on Finance
- 01/15/04 House: Assigned to Finance sub-committee: 1
- 02/11/04 House: Continued to 2005 in Finance (19-Y 2-N)