SB 725: Circuit court clerks; fees, allocation of Technology Trust Fund Fee.

Summary

Circuit court clerks; fees; Technology Trust Fund Fee; report; recordation tax of certain deeds; report. Increases the Technology Trust Fund Fee from $5 to $8. The bill also increases the amount of the fee to be allocated for one of the purposes as described in current law from $4 to $6. The bill authorizes the remaining $2 of the fee to be allocated to individual circuit court clerks' offices for one of the purposes as described in current law. The bill also provides that no recordation tax shall be required of a quitclaim deed or deed to correct a fraudulently recorded deed, including a deed of trust, between a grantor and grantee when no consideration has passed between the parties. Finally, the bill directs (i) the clerk in each circuit court in the Commonwealth to provide detailed information to the Compensation Board and the Auditor of Public Accounts on the total amount of local Technology Trust Fund Fee revenue collected and expended and (ii) the Compensation Board to aggregate such information and submit a report summarizing the information to the Chairs of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations by December 1, 2026.

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Apr 13, 2026

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