2014 Legislation: AB 1888 - Transfer Tax Disclosure

Bill Author: 
Ting
Subject: 
Documentary transfer tax: document for recordation: amount of tax due shown on separate paper.
Status: 
Amended 3/27. Passed committee votes. Assembly third reading.

From the Legislative Counsel's Digest:

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. The act prohibits the recorder from recording any deed, instrument, or writing subject to the tax, unless paid at the time of recording, and requires a signed declaration of the amount of tax due on the face of the document or on a separate paper as provided by the act.

This bill would delete the requirement that, upon request, the amount of tax due be shown on a separate paper affixed to the document, and would make a conforming change to the signed declaration requirement.

Educational Topic: