VHTF Bill Carried Over to 2017

February 4, 2016

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VACo spoke in support of SB 105 (Locke) in yesterday’s Senate Finance Committee meeting. The bill provides that 20 percent of annual recordation tax revenue in excess of $325 million shall be deposited into the Virginia Housing Trust Fund. The bill is a recommendation of the Virginia Housing Commission. The committee voted to carry the bill over to the 2017 General Assembly Session in order to further study the implications.

VACo Contact: Beau Blevins

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