Source: http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB875
Timestamp: 2019-03-21 12:09:09
Document Index: 338642421

Matched Legal Cases: ['§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58']

17102545D
SENATE BILL NO. 875 Offered January 11, 2017 Prefiled December 15, 2016 A BILL to amend and reenact § 58.1-811, as it is currently effective and as it may become effective, of the Code of Virginia, relating to recordation tax; exemption. ---------- Patrons-- Ruff and Hanger ---------- Referred to Committee on Finance ----------
1. That § 58.1-811, as it is currently effective and as it may become effective, of the Code of Virginia is amended and reenacted as follows:
5. Securing a loan made by an organization described in subdivision A 14; or
C. The tax imposed by § 58.1-802 and the fee imposed by § 58.1-802.2 shall not apply to any:
5. Conveyance of real estate to the Commonwealth or any county, city, town, district, or other political subdivision thereof, if such political unit is required by law to reimburse the parties taxable pursuant to § 58.1-802 or subject to the fee under § 58.1-802.2; or
F. The taxes and fees imposed by §§ 58.1-801, 58.1-802, 58.1-802.2, 58.1-807, 58.1-808, and 58.1-814 shall not apply to (i) any deed of gift conveying real estate or any interest therein to The Nature Conservancy or (ii) any lease of real property or any interest therein to The Nature Conservancy, where such deed of gift or lease of real estate is intended to be used exclusively for the purpose of preserving wilderness, natural, or open space areas.
§ 58.1-811. (Contingent effective date) Exemptions.
15. Pursuant to any deed of partition, or any combination of deeds simultaneously executed and having the effect of a deed of partition, among joint tenants, tenants in common, or coparceners; or
16. Pursuant to any deed transferring property pursuant to a decree of divorce or of separate maintenance or pursuant to a written instrument incident to such divorce or separation.