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2016 SESSION

• | print version

HB 339 Recordation tax; securing of loan by locality for certain borrower.

Introduced by: Brenda L. Pogge | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Recordation tax; exemption. Provides an exemption from the grantor's tax if the grantor is a locality at a judicial sale of tax-delinquent property. The bill also provides an exemption from recordation tax for any deed of trust that secures a loan made by a locality to a borrower whose household income does not exceed 80% of the area median household income established by the U.S. Department of Housing and Urban Development for the purpose of erecting or rehabilitating a home for such borrower, including the purchase of land for such home.

FULL TEXT

• 01/05/16  House: Prefiled and ordered printed; offered 01/13/16 16101670D  pdf | impact statement
• 01/05/16  House: Introduced bill reprinted 16101670D  pdf | impact statement
• 03/01/16  Senate: Committee substitute printed 16105941D-S1  pdf
• 03/03/16  House: Bill text as passed House and Senate (HB339ER)  pdf | impact statement
• 04/01/16  Governor: Acts of Assembly Chapter text (CHAP0662)  pdf

HISTORY

• 01/05/16  House: Prefiled and ordered printed; offered 01/13/16 16101670D
• 01/05/16  House: Referred to Committee on Finance
• 01/05/16  House: Introduced bill reprinted 16101670D
• 02/09/16  House: Assigned Finance sub: Subcommittee #2
• 02/10/16  House: Subcommittee recommends reporting (10-Y 0-N)
• 02/15/16  House: Reported from Finance (21-Y 1-N)
• 02/16/16  House: Read first time
• 02/17/16  House: Read second time and engrossed
• 02/18/16  House: Read third time and passed House (95-Y 1-N)
• 02/18/16  House: VOTE: PASSAGE (95-Y 1-N)
• 02/19/16  Senate: Constitutional reading dispensed
• 02/19/16  Senate: Referred to Committee on Finance
• 03/01/16  Senate: Reported from Finance with substitute (15-Y 0-N)
• 03/01/16  Senate: Committee substitute printed 16105941D-S1
• 03/02/16  Senate: Constitutional reading dispensed (40-Y 0-N)
• 03/02/16  Senate: Read third time
• 03/02/16  Senate: Reading of substitute waived
• 03/02/16  Senate: Committee substitute agreed to 16105941D-S1
• 03/02/16  Senate: Engrossed by Senate - committee substitute HB339S1
• 03/02/16  Senate: Passed Senate with substitute (40-Y 0-N)
• 03/02/16  House: Senate substitute agreed to by House 16105941D-S1 (95-Y 0-N)
• 03/02/16  House: VOTE: ADOPTION (95-Y 0-N)
• 03/03/16  House: Enrolled
• 03/03/16  House: Bill text as passed House and Senate (HB339ER)
• 03/03/16  House: Signed by Speaker
• 03/06/16  Senate: Signed by President
• 03/07/16  House: Enrolled Bill communicated to Governor on 3/7/2016
• 03/07/16  Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
• 04/01/16  Governor: Approved by Governor-Chapter 662 (effective 7/1/16)
• 04/01/16  Governor: Acts of Assembly Chapter text (CHAP0662)