HomeMy WebLinkAboutOrdinances_1922_CCv0001.pdf ORDINANCE NO. 1922
AN ORDINANCE AMENDING SECTION 28004 AND
ADDING NEW SECTIONS 28006A AND 28006B TO
THE REDLANDS ORDINANCE CODE TO CONFORM TO
THE CALIFORNIA REVENUE AND TAXATION CODE
THE CITY COUNCIL OF THE CITY OF REDLANDS DOES
ORDAIN AS FOLLOWS:
SECTION 1 . Section 28004 of the Redlands Ordinance
Code is hereby amended to read as follows:
1128004 . Any deed, instrument or
writing to which the United States or any
agency or instrumentality thereof, any
state or territory, or political
subdivision thereof, is a party shall be
exempt from any tax imposed pursuant to
this Article when the exempt agency is
acquiring title. "
SECTION 2 . Article 280 of the Redlands Ordinance
Code is hereby amended by the addition of Section 28006A,
which shall read as follows :
1128006A. Any tax imposed pursuant
to this Article shall not apply with
respect to any deed, instrument , or writ-
ing to a beneficiary or mortgagee, which
is taken from the mortgagor or trustor as
a result of or in lieu of foreclosure;
provided that such tax shall apply to the
extent that the consideration exceeds the
unpaid debt, including accrued interest
and cost of foreclosure. Consideration,
unpaid debt amount and identification of
grantee as beneficiary or mortgagee shall
be noted on said deed, instrument or
writing, or stated in an affidavit or
declaration under penalty of perjury for
tax purposes . "
SECTION 3 . Article 280 of the Redlands Ordinance
Code is hereby amended by the addition of Section 28006B,
which shall read as follows:
"28006B. (a) Any tax imposed pur-
suant to this Article shall not apply
with respect to any deed, instrument , or
other writing which purports to transfer ,
divide, or allocate community, quasi-
community, or quasi-marital property
assets between spouses for the purpose of
effecting a division of community, quasi--
community, or quasi.-marital property
which is requried by a judgment decreeing
a dissolution of the marriage or legal
separation, by a judgment of nullity, or
by any other judgment or order rendered
pursuant to Part 5 (commencing with
Section 4000) of Division 4 of the Civil
Code, or by a written agreement between
the spouses, executed in contemplation of
any such judgment or order , whether or
not the written agreement is incorporated
as part of any of those judgments or
orders.
" (b) In order to qualify for the
exemption provided in subdivision (a) ,
the deed, instrument, or other writing
shall include a written recital, signed
by either spouse, stating that the deed,
instrument, or other writing is entitled
to the exemption. "
SECTION 4. This Ordinance shall be in force and
take effect as provided by law.
SECTION 5. The Mayor shall sign this Ordinance,
and the City Clerk shall certify to the adoption of this
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Ordinance and cause it or a summary or it to be published
once in the Redlands Daily Facts, a newspaper of general
circulation printed and published in this city.
/j
Mayor of the City of Redlands
ATTEST:
ity Clerk
I , Lorrie Poyzer , City Clerk, City of Redlands , hereby certify
that the foregoing ordinance was duly adopted by the City Council
at a regular meeting thereof held on the 1st day of April , 1986 ,
by the following vote :
AYES : Councilmembers Larsen, DeMirjyn, Johnson, Wormser;
Mayor Beswick
NOES: None
ABSENT: None
ty lerk , Cof Redlands
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