§ 3.24.110. Certain deeds with agreement for purchaser to re-convey.

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The tax imposed pursuant to this chapter shall not apply with respect to any deed, instrument, or other writing by which realty is conveyed by the State of California, any political subdivision thereof, or agency or instrumentality of either thereof, pursuant to an agreement whereby the purchaser agrees to immediately re-convey the realty to the exempt agency.

(Ord. No. 13-01, § 7, 5-7-2013)

Editor's note

Ord. No. 13-01, § 7, adopted May 7, 2013, in effect repealed the former § 3.24.110, and enacted a new § 3.24.110 as set out herein. The former § 3.24.110 pertained to collection report required and derived from Ord. No. 379, 1967 and Ord. No. 379-A, 1968.

                    
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