CODE OF VIRGINIA

(CONTINGENT EXPIRATION DATES – SEE NOTES) DISTRIBUTION OF RECORDATION TAX
FOR CERTAIN TRANSPORTATION-RELATED PURPOSES (§ 58.1-815.4)

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.

HISTORY: 2007, c. 896; 2013, c. 639; 2015, c. 684.