Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Revenue and Taxation Code
Part 6.7. Documentary Transfer Tax Act
CHAPTER 3. Exemptions
11928. Conveyance by State or political subdivision; immediate reconveyance to exempt agency. Any tax imposed pursuant to this part shall not apply with respect to any deed, instrument, or other writing by which realty is conveyed by the State of California, any political subdivision thereof, or agency or instrumentality of either thereof, pursuant to an agreement whereby the purchaser agrees to immediately reconvey the realty to the exempt agency.
History.—Added by Stats. 1987, Ch. 301, in effect January 1, 1988.