HB 4408
To adjust the percent retained by the clerk of the county commission for funding election administration, infrastructure, and security, and other county clerk purposes
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill adjusts the amount of tax retained by county clerks from real estate transfer taxes. Initially, 10%, then 20%, 30%, and finally 65% of the tax collected will be held by the county. These funds are intended to support election administration, infrastructure, and security, as well as other clerk-related purposes. The bill also outlines specific allocations for these funds, increasing the percentage going to the clerk’s office over time.
Key provisions
- Increases the percentage of real estate transfer tax retained by counties, starting at 10% and rising to 65% by 2024.
- Specifies how the retained funds will be allocated: 20% to the county general fund, 5% to election administration/infrastructure, and 5% to clerk infrastructure.
- Increases the allocation to the clerk of the county commission for election administration, infrastructure, and security over time.
- Allows the county clerk to move funds between designated accounts with county commission approval.
- Establishes minimum standards for election administration, infrastructure, and security, as determined by the Secretary of State.
- Requires counties to maintain a minimum reserve funding requirement for election-related security.
- Defines procedures for counties to increase the real estate transfer tax rate.
- Specifies how funds deposited into separate accounts for election administration and security should be managed.
Who is affected
- County Clerks
Sponsors
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