grantors tax: NVTA Taxes One Step Closer to Being Refunded
- 03/30/08 04:58 AM
Last week, Virginia Governor Kaine signed into law the bill that makes the Northern Virginia Tranportation Authority Tax unconstitutional, and sets the timelines for refunding the money collected from home sellers since January 1, 2008. You can review a copy of the bill the Governor signed at www.hb3202.virginia.gov. The timelines do indicate the various clerks of the court that received these funds from settlement companies/ agents, have sixty days to develop guidelines to return the money to these companies that collected the funds at settlement. From there, the settlement companies/agents have ninety days from the date they receive the funds from the … (4 comments)
grantors tax: Congestion Relief Tax Declared Unconstitutional
- 03/02/08 03:02 AM
On February 29th The Virginia Supreme Court declared the Congestion Relief Tax unconstitutional. This was a tax, levied on home sellers, making their typical GRANTORS TAX increase 500% on January 1st this year. What made it unconstitutional, was the fact that it was a tax levied by a COMMITTEE of LOCAL GOVERNMENT OFFICIALS (mayors, supervisors, etc) on SPECIFIC COUNTIES (FAIRFAX, PRINCE WILLIAM & LOUDOUN to name a few). The Commonwealth of Virginia's Constitution declares that the elected official at the STATE level are the only ones that levy taxes. Home sellers in those counties targeted by the Congestion Relief Tax, … (4 comments)
Last week, Virginia Governor Kaine signed into law the bill that makes the Northern Virginia Tranportation Authority Tax unconstitutional, and sets the timelines for refunding the money collected from home sellers since January 1, 2008. You can review a copy of the bill the Governor signed at www.hb3202.virginia.gov.
;)
;)
;)
