HomeMy WebLinkAbout7 ORDINANCE NO. 7
AN URGENCY ORDINANCE OF THE CITY COUNCIL OF
THE CITY OF GRAND TERRACE AUTHORIZING THE
LEVY OF A DOCUMENTARY STAMP TAX
THE CITY COUNCIL OF THE CITY OF GRAND TERRACE DOES ORDAIN
AS FOLLOWS :
Section 1. Short Title. This chapter shall be known as
the "Real Property Transfer Tax Ordinance of the City of Grand
Terrace" . 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.
Section 2 . Imposition. There is imposed on each deed,
instrument or writing by which any lands, tenements , or other
realty sold within the city shall be granted, assigned, trans-
ferred 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 en-
cumbrances remaining thereon at the time of sale) exceeds one
hundred dollars, a tax at the rate of twenty-seven and one-
half cents for each five hundred dollars or fractional part
thereof.
Section 3 . Payment. Any tax imposed pursuant to Section
2 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.
Section 4 . Exemptions . The tax imposed pursuant to this
Ordinance shall not apply to:
(a) Instruments given to secure a debt (Revenue and
Taxation Code 511921) .
(b) Instruments of the United States or agencies or
instrumentalities thereof (Revenue and Taxation
Code §11922) .
(c) Conveyances under reorganization or adjustment
plans (Revenue and Taxation Code §11923) .
(d) Conveyances under order of Securities and Exchange
Commission (Revenue and Taxation Code §11924) .
(e) Transfers of certain partnership property
(Revenue and Taxation Code §11925) .
(f) Instruments taken in lieu of foreclosure
(Revenue and Taxation Code §11926) .
As these sections of the Revenue and Taxation Code may be from
time to time amended.
Section 5. Administration. 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.
Section 6 . Claims for refund. Claims for refund of taxes
imposed pursuant to this chapter shall be governed by the
provisions of Chapter 5 (Commencing with Section 5096) of
Part 9 of Division 1 of the Revenue and Taxation Code of the
State of California.
Section 7. Declaration of Urgency. The City of Grand
Terrace was incorporated on November 30 , 1978 . It is necessary
that the City receive all revenues to which it is entitled in
2 .
order that it can provide for the needs of its residents. The
City Council therefore determines that the public peace, health,
and general welfare of the community require that this Ordinance
take effect immediately upon its adoption.
ADOPTED this 7th day of December, 1978 .
Ma or o the City of Grand Terrace
and of the City Council thereof.
ATTEST:
Subscribed
and Smrn tn c,r;: t^ a
City ClerkAof the City of Grand 05 Qcav' A- 3
f
Terrace and of the City Council
L
thereof. SZ�2444444,?44szsz4s�57sz i i •.. _.. .......__
OFFICIAL SEAL nG !or the county of S.- -r+'e of California
KITTY L. HILL
"�D y,. NOTARY PUBLIC CALIFORNIA
PR!N CIPAL OFFICE IN
(SEAL) s" SAN BERNARDINO COUNTY
My Commission Expires June 14, 1982
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Approved as to Form:
City Attorney
3 .
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss .
CITY OF GRAND TERRACE. )
I, SETH ARMSTEAD, City Clerk of the City of Grand Terrace,
DO HEREBY CERTIFY that the foregoing ordinance was duly adopted
by the City Council of said City at the regular meeting of the
City Council held on the 7th day of December, 1978 , and that it
was so adopted by the following vote:
AYES : Councilmen: Tillinghast, Erway, Allen, Grant, Mayor Petta
NOES : None
ABSENT: None
OFFICIAL SEAL
KITTY L. HILL
NOTARY PUB'IC CALIFORNIA
PRINCIPAL OFFICE IN City Clerk f the Cityof Grand
\ r-/ SAN BERNARDINO COUNTY y
My Commission Expires June 14, 1982 Terrace and of the City Council
s�szsz�zs�zsrsz�ss��szs thereof.
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss .
CITY OF GRAND TERRACE )
I , SETH ARMSTEAD, City Clerk of the City of Grand Terrace ,
DO HEREBY CERTIFY that the above and foregoing is a full, true
and correct copy of Ordinance No. 7 of said City Council,
and that the same has not been amended or repealed.
DATED: December 7 , 1978 .
ity Clerk "of the City of Grand
��� Ss '�Ss2sr2�s��r Terrace and of the City Council
. { t F"I � '
thereof.
(SEAL),;., t Subscribed and Sworn to before me -- this
Z:
day of �`' , 19�$
NOTARY PUBLIC
In ona It)r two Wunty of an 3arnardino,State A ;iijbmia