2015 Code of Virginia
Title 58.1 - Taxation
§ 58.1-815.4. (Effective until July 1, 2016; contingent expiration date) Distribution of recordation tax for certain transportation-related purposes
Of the state recordation taxes imposed pursuant to §§ 58.1-801 and 58.1-803, the revenues collected each fiscal year from $0.03 of the total tax imposed under each section shall be deposited by the Comptroller as follows:
1. The revenues collected from $0.02 of the total tax shall be deposited into the Commonwealth Mass Transit Fund pursuant to subdivision A 4 b (1)(b) of § 58.1-638; and
2. The revenues collected from $0.01 of the total tax shall be deposited into the Commonwealth Transit Capital Fund established pursuant to subdivision A 4 c of § 58.1-638.
2007, c. 896; 2013, c. 639; 2015, c. 684.
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