58.1-815.4 - (Contingent expiration - see Editor's notes) Distribution of recordation tax for certain transportation-related purposes. - Virginia Statutes

§ 58.1-815.4. (Contingent expiration - see Editor's notes) Distribution ofrecordation tax for certain transportation-related purposes.

Effective July 1, 2008, of the state recordation taxes imposed pursuant to §§58.1-801 and 58.1-803, the revenues collected each fiscal year from $0.03 ofthe total tax imposed under each section shall be deposited by theComptroller as follows:

1. The revenues collected from $0.02 of the total tax shall be deposited intothe Commonwealth Mass Transit Fund pursuant to subdivision A 4 e of §58.1-638; and

2. The revenues collected from $0.01 of the total tax shall be deposited intothe Highway Maintenance and Operating Fund.

(2007, c. 896.)