Governor Signs Congestion Relief Fee Refund Bill

http://www.thenovaauthority.org/PDFs/Press%20Releases/03-25-08%20NVTA%20Return%20Release.pdf

According to the attached press release from the Northern Virginia Transportation Authority Website, the Circuit Courts that collected the $4.00 per thousand grantors tax from sellers that was recently ruled unconstitutional will have 60 days to come up with a plan to issue refunds.

In many builder and Bank Owned Property contracts the buyer pays the Grantors Tax. Hopefully the Courts will allow the use of a HUD-1 to established who actually paid the tax, and not automatically refund the money to the Seller.

Stay tuned.


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