Huron Municipal Code Ch. 3.08 Real Property Transfer Tax

This chapter shall be known as the "Real Property Transfer Tax Ordinance of the City of Huron." 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. 104 § 1, 1967)

There is imposed on each deed, instrument or writing by which any lands, tenements or other realty sold within the City of Huron 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 ($100.00), a tax at the rate of twenty-seven and one-half cents ($0.275) for each five hundred dollars ($500.00) or fractional part thereof.

(Ord. 104 § 2, 1967)

Any tax imposed pursuant to Section 3.08.020 shall be paid by any person who makes, signs or issues any document or instrument subject to the tax, or for whose use or benefit the same is made, signed or issued.

(Ord. 104 § 3, 1967)

A. Any tax imposed pursuant to this chapter shall not apply to any instrument in writing given to secure a debt.

B. 1.

Any deed, instrument or writing to which the United States or any agency or instrumentality thereof, the state or territory, or political subdivision thereof, is a party, shall be exempt from any tax imposed pursuant to this chapter when the exempt agency is acquiring title, as per Tax and Revenue Code Section 11922, as it presently exists, or as it is hereinafter amended.

2. Any tax imposed pursuant to this chapter shall not apply with respect to instruments taken in lieu of foreclosure (Revenue and Taxation Code § 11926), marital property (Revenue and Taxation Code § 11927), property which is the subject of a conveyance by a governmental entity and subsequent reconveyance to an exempt public agency (Revenue and Taxation Code § 11928), and certain conveyances of a governmental entity to a nonprofit corporation (Tax and Revenue Code § 11929), which code sections are herein incorporated by reference, as they presently exist or as they are hereinafter amended.

(Ord. 301 § 2, 1995: Ord. 104 §§ 4, 5, 1967)

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 proceedings in a court involving a railroad corporation, as defined in subdivision (n) of Section 205 of Title II of the United States Code, as amended;

3. Approved in an equity receivership proceeding in a court involving a corporation, as defined in subdivision (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.

Subdivisions (1) through (4), inclusive, of this subsection shall only apply if the making, delivery or filing of instruments of transfer or conveyances occurs within five (5) years from the date of such confirmation, approval or change.

B. 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:

1. 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;

2. Such order specifies the property which is ordered to be conveyed;

3. Such conveyance is made in obedience to such order.

(Ord. 104 §§ 6, 7, 1967)

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. 2.

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 (1) tax shall be imposed pursuant to this chapter by reason of a termination described in subdivision (b), and any transfer pursuant thereto, with respect to the realty held by such partnership at the time of such termination.

(Ord. 104 § 8, 1967)

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. 104 § 9, 1967)

Any and all refunds claimed for taxes overpaid or paid more than once, or claimed to have been erroneously or illegally collected or received by the tax administrator pursuant to this chapter, as well as any claim of interest or penalty thereon, such claim shall be subject to the provisions of Chapter 2.28 of this code in all respects.

(Ord. 321 § 1, 1996)