Cal. Rev. & Tax. Code § 11928

Current through the 2023 Legislative Session.

Section 11928 - Conveyance of realty to exempt agency

Any tax imposed pursuant to this part 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 reconvey the realty to the exempt agency.

Ca. Rev. and Tax. Code § 11928

Added by Stats. 1987, Ch. 301, Sec. 1.