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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 (
attached) will go into effect January 1, 2015.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
