(A) At or before the time that the tax imposed by this chapter is due, or, in the case of an exempt transfer, at or before the time that the deed, assignment or other instrument of transfer is delivered, there shall be filed with the City Collector a real property transfer declaration signed by at least one of the transferors and also signed by at least one of the transferees, or by their respective attorneys or agents. The declaration shall be on a form prescribed by the City Collector and shall contain information as the City Collector may reasonably require.
(B) In the case that the subject transfer involves a beneficial interest in real property as defined in § 888.01, included with the filing of the real property transfer declaration with the City Collector shall be a copy of the land trust agreement or other legal instrument (including amendments thereto) which identifies each current holder of the beneficial interest in the subject real estate by name and address and defines his or her interest therein both as to the transferor and as to the transferee, if applicable, together with a statement on a form to be provided by the City Collector for the person filing same to verify, under the penalties of perjury (as defined in the Illinois Compiled Statutes), that the land trust agreement or other legal instrument truly, accurately and completely identifies each current holder of such beneficial interest in the subject real estate by name and address and defines his or her interest therein.
(C) In the case that the subject transfer involves a beneficial interest in real property as defined in § 888.01 and a claim for an exemption from the Berwyn Real Property Transfer Tax, on a form to be provided by the City Collector, a state licensed attorney or a certified public accountant (C.P.A.) involved in the transaction shall verify, under the penalties of perjury (as defined in the Illinois Compiled Statutes), the consideration, if any, involved in the transfer transaction and the reason the transfer qualifies for an exemption from the Berwyn Real Property Transfer Tax, or in the case where no such attorney or C.P.A. is involved in the transaction, then the grantor, or a holder of the beneficial interest in the grantor/transferor of the subject real estate property if such is the case, and the grantee, or a holder of the beneficial interest in the grantee/transferee of the subject real estate property if such is the case, shall verify, under the penalties of perjury (as defined in the Illinois Compiled Statutes), the consideration, if any, involved in the transfer transaction and the reason the transfer qualifies for an exemption from the Berwyn Real Property Transfer Tax.
(D) Notwithstanding, and, if applicable, in addition to those disclosures and verifications specified above, in the case of any transfer of title to, or beneficial interest in, real estate property located in the city wherein a claim for exemption from the transfer tax is made, the City Collector may reasonably inquire into the facts supporting the exemption and may reasonably require documentation supporting the exemption.
(Ord. 94-13, passed 3-8-1994; Ord. 02-18, passed 5-28-2002)