VHTF Bill Carried Over to 2017

February 4, 2016


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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