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WV HB3223

Bill

Status

Introduced

3/7/2025

Primary Sponsor

Elliott Pritt

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Finance3/7/2025

Full Bill Text

No bill text available