California Assembly Bill AB1304 Introduced / Bill

 BILL NUMBER: AB 1304INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Saldana FEBRUARY 27, 2009 An act to amend Section 11932 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGEST AB 1304, as introduced, Saldana. Taxation: documentary transfer tax. Existing law authorizes counties and cities and counties to impose a documentary transfer tax at a specified rate upon deeds, instruments, or other writings by which specified property is transferred. Existing law requires a document subject to the tax to show specified information, including the amount of tax due. This bill would make technical, nonsubstantive changes to that provision. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 11932 of the Revenue and Taxation Code is amended to read: 11932. If a county has imposed a tax pursuant to this part,  every document   all documents  subject to tax  which   that  is submitted for recordation shall show on the face of the document the amount of tax due and the incorporated or unincorporated location of the lands, tenements or other realty described in the document. If the party submitting the document for recordation so requests, the amount of tax due shall be shown on a separate paper  which   that  shall be affixed to the document by the recorder after the permanent record is made and before the original is returned as specified in Section 27321 of the Government Code.