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2005 SESSION

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SB 1142 Recordation tax; collection to be transferred toWater Quality Improvement Fund.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Recordation taxes; transfer to Virginia Water Quality Improvement Fund.  Provides that $20 million of recordation taxes collected each year shall be transferred to the Virginia Water Quality Improvement Fund. The Comptroller shall credit the $20 million to the Fund after allocations have been made for the $40 million deposit to the U.S. Route 58 Corridor Development Fund and the $40 million distribution to counties and cities, as currently required under law.


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