La Puente Municipal Code Ch. 2.26 Documentary Transfer Tax

Sections:

• 2.26.010 Short title.

• 2.26.020 Savings clause.

• 2.26.030 Tax imposed.

• 2.26.040 Exemptions from the tax.

• 2.26.050 Administration of the tax.

• 2.26.060 Claims for refunds.

This chapter is known and may be cited as the “real property transfer tax ordinance of the city of La Puente.”

(Ord. 767 § 1 (part), 1998)

The provisions of this chapter are substantially the same as those originally set forth in Ordinance No. 293, as adopted on November 28, 1967, in accordance with the authority contained in Part 6.7 (commencing with Section 11901) of Division 2 of the Revenue and Taxation Code. Therefore, this chapter is to be construed as a restatement and continuation of Ordinance No. 293, as previously codified, and not as a new enactment.

(Ord. 767 § 1 (part), 1998)

A tax at the rate of twenty-seven and one-half cents for each five hundred dollars or fractional part thereof is imposed upon each deed, instrument or writing by which any lands, tenements, or other realty sold within the city is 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.

(Ord. 767 § 1 (part), 1998)

The documentary transfer tax imposed by this chapter does not apply to any of the deeds, instruments, writings, conveyances or other transactions that are specifically exempted by Sections 11921 through 11929 of the Revenue and Taxation Code.

(Ord. 767 § 1 (part), 1998)

The county of Los Angeles will administer the documentary transfer tax in accordance with the provisions of Part 6.7 of Division 2 (commencing with Section 11901) of the Revenue and Taxation Code.

(Ord. 767 § 1 (part), 1998)

Claims for refunds of taxes imposed under this chapter are governed by the provisions of Chapter 5 (commencing with Section 5096) of Part 9 of Division 1 of the Revenue and Taxation Code.

(Ord. 767 § 1 (part), 1998)