Chapter 3.20
REAL PROPERTY TRANSFER TAX
Sections:
3.20.010 Short title—Authority.
3.20.030 Parties responsible for tax.
3.20.040 Exemptions—Debt instruments.
3.20.050 Exemptions—Governmental entities.
3.20.060 Exemptions—Reorganization or adjustment conveyances.
3.20.070 Exemptions—Securities and Exchange Commission conveyances.
3.20.080 Exemptions—Partnership interest transfers.
3.20.010 Short title—Authority.
The ordinance codified in this chapter shall be known as the “Real Property Transfer Tax Ordinance of the City of San Carlos.” It is adopted pursuant to the authority contained in Part 6.7 (commencing with Section 11901) of Division 2 of the Revenue and Taxation Code of the State of California. (Ord. 651 § 1, 1967)
3.20.020 Tax imposed—Rate.
There is imposed on each deed, instrument or writing by which any lands, tenements or other realty sold within the City shall be granted, assigned, transferred or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his or their direction, when the consideration or value of the interest or property conveyed (exclusive of the value of any lien or encumbrances remaining thereon at the time of sale) exceeds one hundred dollars, a tax at the rate of twenty-seven and one-half cents for each five hundred dollars, or fractional part thereof. (Ord. 651 § 2, 1967)
3.20.030 Parties responsible for tax.
Any tax imposed pursuant to Section 3.20.020 of this chapter shall be paid by any person who makes, signs or issues any documents or instruments subject to the tax, or for whose use or benefit the same is made, signed or issued. (Ord. 651 § 3, 1967)
3.20.040 Exemptions—Debt instruments.
Any tax imposed pursuant to this chapter shall not apply to any instrument in writing given to secure a debt. (Ord. 651 § 4, 1967)
3.20.050 Exemptions—Governmental entities.
The United States or any agency or instrumentality thereof, any State or territory or political subdivision thereof, or the District of Columbia shall not be liable for any tax imposed pursuant to this chapter with respect to any deed, instrument or writing to which it is a party, but the tax may be collected by assessment from any other party liable therefor. (Ord. 651 § 5, 1967)
3.20.060 Exemptions—Reorganization or adjustment conveyances.
A. Any tax imposed pursuant to this chapter shall not apply to the making, delivering or filing of conveyances to make effective any plan of reorganization or adjustment:
1. Confirmed under the Federal Bankruptcy Act, as amended;
2. Approved in an equity receivership proceeding in a court involving a railroad corporation, as defined in subdivision (m) of Section 205 of Title II of the United States Code, as amended;
3. Approved in an equity receivership proceedings in a court involving a corporation, as defined in subsection (3) of Section 506 of Title II of the United States Code, as amended; or
4. Whereby a mere change in identity, form or place of organization is effected.
B. Subsections A1 through A4 of this section inclusive, shall only apply if the making, delivery or filing of instruments of transfer or conveyances occurs within five years from the date of such confirmation, approval or change. (Ord. 651 § 6, 1967)
3.20.070 Exemptions—Securities and Exchange Commission conveyances.
Any tax imposed pursuant to this chapter shall not apply to the making or delivery of conveyances to make effective any order of the Securities and Exchange Commission, as defined in subdivision (a) of Section 1083 of the Internal Revenue Code of 1954, but only if:
A. The order of the Securities and Exchange Commission in obedience to which such conveyance is made recites that such conveyance is necessary or appropriate to effectuate the provisions of Section 79k of Title 15 of the United States Code, relating to the Public Utility Holding Company Act of 1935;
B. Such order specifies the property which is ordered to be conveyed;
C. Such conveyance is made in obedience to such order. (Ord. 651 § 7, 1967)
3.20.080 Exemptions—Partnership interest transfers.
A. In the case of any realty held by a partnership, no levy shall be imposed pursuant to this chapter by reason of any transfer of an interest in a partnership or otherwise, if:
1. Such partnership (or another partnership) is considered a continuing partnership within the meaning of Section 708 of the Internal Revenue Code of 1954; and
2. Such continuing partnership continues to hold the realty concerned.
B. If there is a termination of any partnership within the meaning of Section 708 of the Internal Revenue Code of 1954, for purposes of this chapter, such partnership shall be treated as having executed an instrument whereby there was conveyed, for fair market value (exclusive of the value of any lien or encumbrance remaining thereon) all realty held by such partnership at the time of such termination.
C. Not more than one tax shall be imposed pursuant to this chapter by reasons of a termination described in subsection B of this section, and any transfer pursuant thereto, with respect to the realty held by such partnership at the time of such termination. (Ord. 651 § 8, 1967)
3.20.090 Administration.
The County Recorder shall administer this chapter in conformity with the provisions of Part 6.7 of Division 2 of the Revenue and Taxation Code and the provisions of any County ordinance adopted pursuant thereto. (Ord. 651 § 9, 1967)
3.20.100 Refund claims.
Claims for refund of taxes imposed pursuant to this chapter shall be governed by the provisions of Chapter 5 (commencing with Section 5096) of Part 9 of Division 1 of the Revenue and Taxation Code of the State of California. (Ord. 651 § 10, 1967)
3.20.110 Operative date.
The ordinance codified in this chapter shall become operative upon the operative date of any ordinance adopted by the County, pursuant to Part 6.7 (commencing with Section 11901) of Division 2 of the Revenue and Taxation Code of the State of California, or upon the effective date of the ordinance codified in this chapter, whichever is the later. (Ord. 651 § 11, 1967)