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Title: 3 - Revenue and Finance

Chapter: 12 - Real Property Transfer Tax

Section: 83 - SaleLeaseback transactions

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 reconvey the realty to the exempt agency.

 

(Ord. 2000-010 § 16, 2000.)