AB 1888, as introduced, Ting. Documentary transfer tax: document for recordation: amount of tax due shown on separate paper.
The Documentary Transfer Tax Act authorizes the board of supervisors of a county or city and county to impose a tax with expect to specified instruments that transfer specified interests in real property. Existing law requires the amount of tax due and the location of the property to show on the face of the document, and if the party submitting the document for recordation requests, that the amount of tax due be shown on a separate paper affixed to the document.
This bill would delete the requirement that, upon request, the amount of tax due be shown on a separate paper affixed to the document.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 11932 of the Revenue and Taxation Code
2 is amended to read:
If a county has imposed a tax pursuant to this part,
4every document subject to taxbegin delete whichend deletebegin insert thatend insert is submitted for
5recordation shall show on the face of the document the amount of
P2 1tax due and the incorporated or unincorporated location of the
2lands, tenements or other realty described in the document.begin delete If the
3party submitting the document for recordation so requests, the
4amount of tax due shall be shown on a separate paper which shall
5be affixed to the document by the recorder after the permanent
6record is made and before the original is returned as specified in
7Section 27321 of the Government Code.end delete
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