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California Documentary Transfer Tax: Separate Unrecorded Statement of Tax No Longer Allowed After December 31, 2014




by:
D. Matthew Richardson
Sheppard, Mullin, Richter & Hampton LLP - Costa Mesa Office

 
June 16, 2014

Previously published on June 11, 2014

The California Documentary Transfer Tax Act requires the amount of documentary transfer tax due to be shown on the face of the document. However, if the party submitting the document for recordation requests, then the amount of tax due may be shown on a separate paper affixed to the recorded document.

On June 4, 2014, Governor Brown signed into a law a bill that deletes the submitting party’s option to have the amount of documentary transfer tax due shown on a separate paper affixed to the recorded document. Under the new law, every document subject to the documentary transfer tax that is submitted for recordation must show on the face of the document the amount of tax due.

The new law will go into effect January 1, 2015.



 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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Author
 
D. Matthew Richardson
Sheppard, Mullin, Richter & Hampton LLP
 
Costa Mesa Office
Practice Area
 
Taxation
 
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