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WV HB3223
Bill
Status
3/7/2025
Primary Sponsor
Elliott Pritt
Click for details
AI Summary
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Doubles the fee on sales of factory-built (mobile) homes by licensed dealers from $20 to $40, with proceeds deposited into the West Virginia Affordable Housing Fund
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Doubles the fee on real estate transfers from $20 to $40, collected by county clerks before recording property title transfers and deposited into the Affordable Housing Fund
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Allows the West Virginia Housing Development Fund to use up to 1% of collected fee revenues to cover administrative and operating costs, changing from the previous prohibition on using any of these funds for administration
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Requires the Housing Development Fund to segregate these fee revenues from other funds, account for them separately, and publish monthly online reports of all deposits and expenditures including recipients and contractors
Legislative Description
Relating to fees collected and deposited into the Affordable Housing Fund
Taxation
Last Action
To House Finance
3/7/2025