The tax imposed by this subchapter shall not apply to the following transactions, provided the transaction in each case is accompanied by a certificate setting forth the facts or such other certificate of record as the Controller may require:
(A) Transactions involving property acquired by or from any governmental body, or any transaction involving property acquired by and from corporations, societies, associations, foundations or institutions organized and operated exclusively for charitable, religious or educational purposes (“charitable organizations”). The latter transaction is exempt only when one charitable organization conveys property to another charitable organization;
(B) Transactions in which the deeds secure debt or other obligations;
(C) Transactions in which the deeds, without additional consideration, confirm, correct, modify or supplement deeds previously recorded;
(D) Transactions in which the actual consideration is less than $500;
(E) Transactions in which the deeds are tax deeds;
(F) Transactions in which the deeds are releases of property which is security for a debt or other obligation;
(G) Transactions in which the deeds are pursuant to a court decree;
(H) Transactions made pursuant to mergers, consolidations or transfers or sales of substantially all of the assets of a corporation pursuant to plans of reorganization;
(I) Transactions between subsidiary corporations and their parents for no consideration other than the cancellation or surrender of the subsidiary corporation’s stock;
(J) Transactions wherein there is an actual exchange of real property except that the money difference or money’s worth paid from one or the other shall not be exempt from the tax;
(K) Transactions representing transfers subject to the imposition of a documentary stamp tax imposed by the government of the United States;
(L) A transfer by lease.
(Ord. 96-6, passed 3-13-96)