2011 Regular Session


File Code: Taxes - Recordation and Transfer Prior Year Introduction As: HB 260/08 - W&M
Sponsored By:
Delegates Kaiser, Barkley, Cane, Carr, Gutierrez, Hucker, Luedtke, Pendergrass, Reznik, Stocksdale, F. Turner, and Zucker
Recordation Tax - Indemnity Mortgages


Providing that, for purposes of the recordation tax, secured debt with respect to an indemnity mortgage, deed of trust, or other security interest in real property securing a guarantee of repayment of a loan for less than $5,000,000 for which the guarantor is not primarily liable is deemed to be incurred as debt is incurred on the guaranteed loan and the recordation tax applies as if the guarantor were primarily liable for the guaranteed loan; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
First Reading Ways and Means
Hearing 2/23 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Anne R. Kaiser, District 14
Delegate Charles Barkley, District 39
Delegate Rudolph C. Cane, District 37A
Delegate Alfred C. Carr, Jr., District 18
Delegate Ana Sol Gutierrez, District 18
Delegate Tom Hucker, District 20
Delegate Eric G. Luedtke, District 14
Delegate Shane E. Pendergrass, District 13
Delegate Kirill Reznik, District 39
Delegate Nancy R. Stocksdale, District 5A
Delegate Frank S. Turner, District 13
Delegate Craig J. Zucker, District 14

Bill indexed under the following Subjects:

Loans -see also- Mortgages
Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.
Security Interests -see also- Liens; Mechanics' Liens

Bill affects the following Statute:

Tax - Property
( 12-105 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered